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• Mina/Bitcoin consolidates around 9.5e-07 BTC, with minimal price movement observed on the 15-minute chart.
• Volume remains subdued for most of the 24-hour window, with only a few instances of notable activity.
• A breakout above 9.6e-07 BTC could signal a shift in short-term sentiment, though overbought conditions may limit upside.
• MACD and RSI show flat readings, indicating a lack of directional momentum in the current session.
• No significant Fibonacci retracement levels were breached, with price action remaining within the 9.4e-07–9.6e-07 range.
The Mina/Bitcoin (MINABTC) pair opened at 9.4e-07 BTC on October 25 at 16:00 ET and closed at 9.5e-07 BTC at 12:00 ET on October 26. During the 24-hour period, it reached a high of 9.6e-07 BTC and a low of 9.4e-07 BTC. Total volume traded was 65,258.8 units, with notional turnover estimated at 61.42 BTC.
Structure and formations on the 15-minute chart show a tight range between 9.4e-07 and 9.6e-07 BTC, with no clear breakout or reversal patterns emerging. Key resistance appears to be forming around 9.6e-07 BTC, where price has tested twice without closing above. Support is seen at 9.5e-07 BTC, which has acted as a floor in the last two instances. A bullish engulfing pattern is forming at 9.5e-07 BTC but lacks confirmation due to flat closing prices.
Moving averages on the 15-minute chart show the 20-period MA at 9.495e-07 BTC and the 50-period MA at 9.499e-07 BTC. Both lines appear to be flat, suggesting no significant short-term directional bias. On the daily chart, the 50, 100, and 200-period MAs are converging near 9.48e-07 BTC, indicating a potential support cluster if the price drops below 9.5e-07 BTC.
The MACD histogram remains centered near zero with no clear divergence from price, pointing to neutral momentum. RSI hovers around 50, indicating a balance between buyers and sellers. Price has
entered overbought (RSI > 70) or oversold (RSI < 30) territory, reinforcing the idea of consolidation. Bollinger Bands are narrow, signaling low volatility, with price currently sitting in the middle band at 9.498e-07 BTC.Fibonacci retracements drawn from the recent swing high of 9.6e-07 BTC to the low of 9.4e-07 BTC place key levels at 38.2% (9.52e-07 BTC) and 61.8% (9.46e-07 BTC). These levels may serve as potential turning points in the next 24 hours should the pair break out of its current range.
Backtest Hypothesis
A reasonable backtesting approach for MINABTC would be to define resistance as the 20-day rolling highest close and test whether breaking above it leads to continued upside. For this, we would identify each day where the close surpasses the 20-day high and measure the average 1-day, 5-day, 10-day, and 20-day returns following such events. Additionally, we can assess the maximum drawdown post-breakout to evaluate risk. The data frequency would be daily closes from January 1, 2022, to October 25, 2025. This approach aligns with the observed structure and momentum on the 15-minute and daily charts, where resistance levels appear to influence behavior.
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