Strange how things slip and then suddenly change course. Mina’s MINA/USDT perpetual contract appears to be carving out a classic falling-wedge pattern—a setup traders know can precede a reversal. The breakout above that wedge’s upper trendline has already happened, signaling growing bullish sentiment.
Yet, it’s not clear-cut. The move lacks conviction without stronger volume to back it up. It’s as if buyers are testing the waters—nervous, expectant.
Meanwhile, broader technical gauges aren’t exactly cheering. Across most timeframes, MINA remains painted red, with one-week and monthly charts still flashing sell signals.
So even with that wedge breakout offering hope, caution is warranted. If the rally stalls, that wedge could turn into a trap rather than a springboard. Watch the next 24 hours closely. Might be worth waiting for follow-through before jumping in.