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Summary
• Price consolidates around 1.02e-06 with key support at 1.01e-06 and resistance at 1.03e-06.
• Volume remains muted, but a sharp dip below 1.01e-06 in early morning ET raised short-term bearish concerns.
• RSI hovered in mid-range territory, indicating no strong overbought or oversold conditions.
• Bollinger Bands show moderate volatility with price near the middle band, reflecting sideways action.
The pair Mina/Bitcoin (MINABTC) opened at 1.04e-06 on 2025-12-10 at 12:00 ET, touched a high of 1.06e-06, a low of 1.01e-06, and closed at 1.02e-06 on 2025-12-11 at 12:00 ET. Total volume amounted to 225,008.1 units, with a notional turnover of approximately 230.06e-06 BTC.
Price action has been range-bound for most of the day, oscillating between 1.01e-06 and 1.03e-06. A notable bearish 5-minute candle formed at 02:15 ET, opening at 1.01e-06 and closing at 1.02e-06 after a retest from 1e-06. A potential support zone is forming near 1.01e-06, marked by multiple rejections, while resistance remains capped at 1.03e-06.
The 20-period and 50-period moving averages on the 5-minute chart have converged around 1.02e-06, indicating short-term consolidation. The MACD remained flat with no clear directional bias, while RSI hovered in the 45–55 range, pointing to neutral momentum.
Bollinger Bands displayed average volatility with the price staying close to the middle band, signaling no significant expansion or contraction.
Trading volume was concentrated in the 19:15–20:45 ET and 01:15–02:45 ET windows, with a large 21:00 ET candle absorbing 184,842.2 units of volume. Notional turnover spiked in line with volume, showing no divergence.
A 5-minute engulfing pattern was seen at 22:15 ET and again at 04:15 ET, but both failed to break through key levels, reinforcing consolidation.
The 61.8% Fibonacci retracement of the 1.01e-06 to 1.03e-06 range sits at 1.023e-06, where price has repeatedly found resistance. The 38.2% level at 1.019e-06 has seen some buying pressure, but no decisive breakouts have occurred.
Looking ahead, the next 24 hours may see renewed attempts to
1.03e-06 resistance or a pullback to test 1.01e-06 support. While no strong momentum signals are present, a breakout in either direction could trigger a shift in bias. Investors should remain cautious as volume remains insufficient to confirm a directional move.Decoding market patterns and unlocking profitable trading strategies in the crypto space

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