$MINA has shown an interesting bounce over the last 24 hours, climbing about 18% to trade around $0.1119. The recovery looks strong on paper, but the move appears driven more by short-term speculation than any clear shift in fundamentals. Volume has spiked sharply, suggesting traders are jumping in on momentum, though the underlying demand doesn’t seem deep enough yet to call this a sustainable reversal. The price is testing resistance near $0.115, which, if broken convincingly, could open a path toward $0.12–$0.125. Failure to hold above $0.11, however, could pull it back toward the $0.097–$0.10 zone.
From a technical angle, $MINA is still in a broader downtrend despite this rally. The 4-hour chart shows the coin approaching its 50-period moving average, and the RSI hovering near overbought levels suggests the current push might be running out of steam. Unless it consolidates above $0.11 with consistent volume, this could end up as another short-lived pump. Traders looking for a genuine trend shift should watch for higher lows forming over the next few sessions. For now, it feels more like a speculative bounce in a weak market than the start of a real turnaround.
