Mina Protocol (MINA) Price Prediction 2022 – Will MINA $10 Soon?

• Bullish MINA price prediction is $1.004 to $5.586.
• The MINA price will also reach $10 soon.
• MINA’s bearish market price prediction for 2022 is $0.569.

In Mina Protocol (MINA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MINA to analyze the future movement of the cryptocurrency. 

Mina Protocol (MINA) Current Market Status

According to CoinGecko, the price of MINA is $0.671949 with a 24-hour trading volume of $9,016,260 at the time of writing. However, MINA has increased to 2.9% in the last 24 hours. 

Moreover, Mina Protocol (MINA) has a circulating supply of 588,516,938 MINA. Currently, MINA trades in cryptocurrency exchanges such as  Binance, OKX, Bybit, FTX, and MEXC.

What is Mina Protocol (MINA)?

Mina Protocol, a minimal succinct blockchain developed to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, Mina is working on achieving an efficient distributed payment system that enables users to natively verify the platform right from the genesis block. Furthermore, Mina is similar to Bitcoin, apart from how it handles transactions, but also employs the account model used in Ethereum.

Mina Protocol (MINA) Price Prediction 2022

Mina Protocol (MINA) holds the 111th position on CoinGecko right now. MINA price prediction 2022 is explained below with a daily time frame.

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. In contrast, the ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. More so, a regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, Mina Protocol (MINA) is at $0.671949. If the pattern continues, the price of MINA might reach the resistance level of $0.711, $0.744, & $0.810. If the trend reverses then the MINA price will fall to the support level of $0.643. 

Mina Protocol (MINA) Support and Resistance Levels

The chart below shows the support and resistance levels of MINA.

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of MINA.

Resistance Level 1	$1.004
Resistance Level 2	$1.620
Resistance Level 3	$3.249
Resistance Level 4	$5.586
Support Level 1	$0.569

The charts show that MINA has performed a bullish trend over the past month. Hence more, if this trend continues, MINA might run along with the bulls overtaking its resistance level at $5.586.

Accordingly, if the investors turn against the crypto, the price of the MINA might plummet to almost $0.569, a bearish signal.

Mina Protocol (MINA) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Mina Protocol (MINA), shown in the chart below. Further, it is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of MINA lies below the cutoff line, indicating weaker participants trading in the current trend.

Moreover, the Moving Average (MA) of the Mina Protocol (MINA), shown in the above chart. Currently, MINA is in a bearish state. Notably, the MINA price lies below 50 MA (short-term), so it is completely in a downward trend. There is a possibility of a reversal trend of MINA at any time.

Meanwhile, the relative strength index (RSI) of the MINA is at a level of 38.69. This means that MINA, in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.

Mina Protocol (MINA) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of the Mina Protocol (MINA). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. Therefore, this system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of the Mina Protocol (MINA). Currently, MINA lies in the range of 12.350, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Mina Protocol (MINA). RVI measures the constant deviation of price changes over a period of time rather than price changes. Moreover, the RVI of MINA lies below 50, indicating that the direction of volatility is low. In fact, MINA’s RSI is at the 38.69 level thus confirming a potential sell signal.

Comparison of MINA with BTC, ETH

The chart below shows the price comparison between Bitcoin, Ethereum, and Mina Protocol (MINA).

From the above chart, we can interpret ETH, BTC, and MINA  are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MINA increases or decreases respectively.

Mina Protocol (MINA) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Mina Protocol (MINA) might probably attain $19 by 2023.

Mina Protocol (MINA) Price Prediction 2024

With several upgrades in the network, Mina Protocol (MINA) might enter a bullish trajectory. Eventually, if the coin grabs the attention of major investors, MINA might rally to hit $24 by 2024. 

Mina Protocol (MINA) Price Prediction 2025

If Mina Protocol (MINA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, MINA would rally to hit $31.  

Mina Protocol (MINA) Price Prediction 2026

If Mina Protocol (MINA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, MINA would rally to hit $37. 

Mina Protocol (MINA) Price Prediction 2027

Even more, if Mina Protocol (MINA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, MINA would rally to hit $44. 

Mina Protocol (MINA) Price Prediction 2028

Despite the trends in the highly-volatile crypto market, if Mina Protocol (MINA) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, MINA would hit $52.

Mina Protocol (MINA) Price Prediction 2029

Further, if investors flock in and continue to place their bets on Mina Protocol (MINA), it would witness major spikes. MINA might hit $58 by 2029.

Mina Protocol (MINA) Price Prediction 2030

Finally, with greater advancements in the Mina Protocol ecosystem, the crypto community might continue to invest in Mina Protocol (MINA) for the next 8 years and drive significant price rallies for the token. Hence, Mina Protocol (MINA) might hit $65 by 2030.

Conclusion

With continuous improvements in the Mina Protocol network, we can say that 2022 is a good year for MINA. For this reason, the bullish price prediction of Mina Protocol (MINA) in 2022 is $5.586. On the other hand,  the bearish Mina Protocol (MINA) price prediction for 2022 is $0.569.

Furthermore, with the advancements and upgrades on the Mina Protocol ecosystem, the performance of Mina Protocol (MINA) would rise to reach above its new all-time high (ATH) of $9.09 very soon. But, it might also reach $10 if the investors believe that MINA is a good investment in 2022.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.