$MINA /USDT has seen a sharp rebound over the past 24 hours, jumping more than 11% to around $0.1399 after touching a low of $0.1092. This kind of recovery after such a deep dip usually means traders are trying to buy the bottom, but the question is whether it’s a genuine shift in momentum or just a relief bounce. The volume spike to over 168 million $MINA suggests strong activity, yet the follow-through above $0.1440 has been hesitant. That hesitation shows that while short-term sentiment is improving, the market still doesn’t fully trust the move.
The structure of the recent price action still looks fragile. If MINA can hold above $0.1300 for the next few sessions, it could build a base for a more sustainable move toward $0.16. However, failure to maintain that level might send it back to test the $0.11 zone, where it’s already shown demand. The broader issue for MINA remains its limited traction compared to other Layer 1s—its technical innovation doesn’t always translate into market confidence. For traders, this setup looks like a classic short-term opportunity rather than the start of a bigger trend.
