MINU In Equilibrium, But Analyst Are Bullish, Can It Rise 150%?

• 1 MINU cryptocurrency has experienced a significant decline, losing 54% of its previous gains, in the last few trading sessions.
• 2 Skylightminer’s bullish outlook on social media engagement suggests potential price increase in MINU crypto.
• 3 The MINU market cap is $2.416 Million, and that placed it at 1505th rank at CoinMarketCap.

The MINU crypto has been on a continuous fall from the last week; the price wiped out almost 54% of its gains from the previous swing high.

On further analyzing the daily chart, it has been witnessed that the highest price reached by MINU in the past three months was the peak it attained on June 9th at a price point of $0.0000009750. Meanwhile, the lowest price in three months was on April 30th, at $0.0000001045.

MINU/USDT 1.D. | Source: TradingView

In the recent bullish flight, the price ascended from $0.0000001045 to $0.0000009750, which showed gains of 820%, and from that peak point onwards, the price has lost half of its gains. The price has been traded at $0.0000004050 with an intraday gain of 0.61% as on June 20th trying hard to sustain near at a crucial support level of $0.0000003900.

What MINU Indicator’s Are Highlighting in the Vicinity?

The last few days highlight that the price has been busy in consolidation and looks more or less like an equilibrium the bears and bulls achieved in the MINU chart.

The same point is proved directly by the RSI, as it remains momentumless and deprived of strength in price flashed at 50.00, which looks precisely like sitting at the median line. 

However, MACD highlights a bearish cross, and 50-day EMA barely supports the MINU price.

MINU Price Forecast!

Therefore, there could be two outcomes as per the price action P-o-V. First, if the price breakdowns are swift, as bulls already lost half to the bears, the bears could eye for the support at $0.0000002190, and beyond this, they could also reach the final defense line at $0.0000001045.

But on the contrary, many analysts on X are bullish on MINU, and if it goes as per the analyst’s optimism, the bulls could launch an attack for the higher levels and could attain the lost price territories back, such as $0.0000007200, and $0.0000010150, as well.

An Analyst Confidently Says Minu to Reach ATH! 

The tweet from Skylightminer about MINU cryptocurrency emits optimism. As he mentions, MINU’s social dominance and interaction on Lunarcrush suggest that the cryptocurrency is gaining attention as interaction surged by +76.8% and engagement on most social media platforms, which can often precede an increase in price in the upcoming sessions.

Despite the current price lagging, the confidence expressed by Skylightminer (DYOR) indicates a belief that MINU would soon be able to align with its growing hype. This sentiment could influence market perception and drive growth in investment interest, as well.

Skylightminer also predicted that MINU is poised to reach a new all-time high, which appears to be an optimistic solid statement. Furthermore, it implies that the current market conditions are expected to propel prices to unprecedented levels (DYOR).

Overall, optimistic outlooks like this can even contribute to a positive market sentiment, which could become one of the key drivers in the cryptocurrency space and MINU’s future price behaviors.

Summary

MINU cryptocurrency has experienced a significant decline, losing 54% of its previous gains. The price peaked at $0.0000009750 on June 9th but has since dropped to $0.0000004050 on June 20th. 

Despite consolidation and a lack of momentum shown in RSI, analysts remain bullish on MINU’s future. Skylightminer’s bullish outlook on social media engagement suggests potential price increases.

Support is $0.0000002190 and at $0.0000001045, while resistance lies around $0.0000007200 and $0.0000010150.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Adarsh ​​Singh

Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.