Mina Protocol (MINA) Price Prediction 2022 — Will MINA Hit $1 Soon?

Mina Protocol (MINA) Price Prediction 2022 - Will MINA $10 Soon?
  • Bullish MINA price prediction is $0.736 to $3.260.
  • The MINA price will also reach $1 soon.
  • MINA’s bearish market price prediction for 2022 is $0.520.

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 $0.576 with a 24-hour trading volume of $34,323,691 at the time of writing. However, MINA has decreased by nearly 3.8% in the last 24 hours.

Moreover, MINA has a circulating supply of 736,580,763 MINA. Currently, MINA trades in cryptocurrency exchanges such as Binance, OKX, Gate.io, DigiFinex, LBank, and Coinbase Exchange. 

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 87th position on CoinGecko right now. MINA price prediction 2022 is explained below with a daily time frame.

MINA/USDT Horizontal channel Pattern (Source: Tradingview)

The above chart of MINA laid out a horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.

Currently, Mina Protocol (MINA) is in the range of $0.575. If the pattern continues, the price of MINA might reach the resistance level of $0.993, and $1.675. If the trend reverses, then the price of MINA may fall to $0.548.

Mina Protocol (MINA) Support and Resistance Levels

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

MINA/USDT Support and Resistance Level (Source: TradingView)

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

Resistance Level 1$1.011
Resistance Level 2$1.625
Resistance Level 3 $3.260
Support Level 1$0.520
MINA Resistance & Support Level

The charts show that MINA has performed a bullish trend over the past month. If this trend continues, MINA might run along with the bulls overtaking its resistance level at $3.260.

Accordingly, if the investors turn against the crypto, the price of the MINA might plummet to almost $0.520, a bearish signal.

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

The Relative Volume (RVOL) of MINA is shown in the chart below. 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 in the current trend.

MINA/USDT RVOL, MA, RSI (Source: TradingView)

Also, the MINA’s Moving Average (MA) is shown in the chart above. 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. Therefore, there is a possibility of a reversal trend of MINA at any time.

Meanwhile, the relative strength index (RSI) of the MINA is recorded at 41.38. This means that MINA is in an nearly oversold state. However, this means a major price reversal of MINA may occur in the upcoming days. So, traders need to trade carefully. 

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.

MINA/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Mina Protocol. Currently, MINA lies in the range of 46.259, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of MINA. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MINA lies above the 50 levels, indicating that the direction of volatility is high. In fact, MINA’s RSI is at 41.38 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).

BTC Vs ETH Vs MINA Price Comparison (Source: TradingView)

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 also increases or decreases respectively.

Mina Protocol (MINA) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, VeChain (VET) might probably attain $2 by 2023.

Mina Protocol (MINA)  Price Prediction 2024

With several upgrades in the network, Mina Protocol (MINA)  might enter a bullish trajectory towards hitting the $0.47 mark. If the coin grabs the attention of major investors, MINA might rally to hit $5 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 the investors for the next 3 years, MINA would rally to hit $8, establishing its newer all-time high.

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 the investors for the next 4 years, MINA would rally to hit $11. 

Mina Protocol (MINA)  Price Prediction 2027

If Mina Protocol (MINA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, MINA would rally to hit $14. 

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 $17.

Mina Protocol (MINA)  Price Prediction 2029

If investors flock in and continue to place their bets on Mina Protocol (MINA), it would witness major spikes. MINA might hit $20 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 $23 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 in 2022 is $3.260. On the other hand, the bearish MINA price prediction for 2022 is $0.520.

Furthermore, with the advancements and upgrades on the MINA ecosystem, the performance of MINA would help to reach above its current all-time high (ATH) of $9.09 very soon. But, it might also reach $1 if the investors believe that MINA is a good investment in 2022.

FAQ

1. What is Mina Protocol (MINA)?

Mina Protocol is a minimal succinct blockchain developed to curtail computational requirements in order to run DApps more efficiently. 

2. Where can you purchase Mina Protocol (MINA)?

Mina Protocol (MINA) has been listed on many crypto exchanges which include Binance, OKX, Gate.io, DigiFinex, LBank, and Coinbase Exchange. 

3. Will Mina Protocol (MINA) reach a new ATH soon?

With the ongoing developments and upgrades within the Mina Protocol platform, Mina Protocol (MINA) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Mina Protocol (MINA)?

On June 1, 2021, Mina Protocol (MINA) reached its new all-time high (ATH) of $9.09.

5. Is Mina Protocol (MINA) a good investment in 2022?

Mina Protocol (MINA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Mina Protocol in the past few months, MINA is considered a good investment in 2022.

6. Can Mina Protocol (MINA) reach $1?

Mina Protocol (MINA) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Mina Protocol (MINA) will hit $1 soon.


7. What will be the Mina Protocol (MINA) price by 2023?

Mina Protocol (MINA) price is expected to reach $2 by 2023.

8. What will be the Mina Protocol (MINA) price by 2024?

Mina Protocol (MINA) price is expected to reach $5 by 2024.

9. What will be the Mina Protocol (MINA) price by 2025?


Mina Protocol (MINA) price is expected to reach $8 by 2025.

10. What will be the Mina Protocol (MINA) price by 2026?

Mina Protocol (MINA) price is expected to reach $11 by 2026.

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.

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