MINA Eyes Key Resistance At $0.2067 After 13% Weekly Gain, Support Holds Firm

MINA’s price rose 13.1% over the past week, reaching $0.2067 in the latest daily session.

The asset is testing a long-term descending trendline, with immediate support at $0.2006 and resistance at $0.2124.

Trading levels suggest a narrow short-term range before a potential shift in momentum.

MINA Protocol’s price activity showed notable strength in the past week, advancing by 13.1% to trade at $0.2067 in the latest daily session. The move placed the asset directly against a long-term descending trendline visible on the daily chart. This level of technology has acted as a ceiling to further bullish runs in the later part of 2024, and it is an important place to keep watch. Currently, the coin was trading at $0.2034, with a 0.44% decrease.

Source: CoinMarketCap

The price action was contained in a very tight intraday range, with prices maintaining near $0.2006 on the lower curb and near $0.2124 at the upper ranges. The short term trading boundaries are now established at these levels as the market is determining whether the recent momentum can take previous overhead resistance with it. The chart also shows a previous period of consolidation beneath the trendline, underscoring the importance of the current price zone.

Support Level Continues to Anchor Price Action

In the latest session, MINA maintained a firm base at $0.2006, a level that has acted as a recent pivot for buyers. Price reactions from this zone have repeatedly brought the asset back toward the descending resistance, highlighting ongoing pressure to the upside. However, the same trendline continues to limit sustained advances, creating a compressing price structure.

Market data indicates the asset has remained in positive territory for the week, despite encountering this ceiling multiple times. The immediate focus remains whether this support level can continue to underpin the price against repeated tests of the descending line. Short-term stability here may encourage further retests of the $0.2124 resistance, which has marked the top of the recent daily range.

Resistance Zone Shapes Near-Term Trading Range

The most positive MINA barrier is still a $0.2124 resistance rate, which stopped multiple recent surges. This price level is slightly above the long-term descending trend line and, therefore, a significant reference position in the short term. Repeated approaches toward this zone in recent days suggest traders are watching for any decisive breach.

The daily chart shows the resistance coinciding with a previous supply area where sellers entered the market in earlier attempts. Trading is likely to remain within the defined range of $0.2006 to $0.2124 until this level is crossed. The mixture of weekly rise and narrowing daily range shows the significance of tracking both boundary levels in the nearest sessions.