MINA -24.38% on Elevated Volatility Amid Technical Deterioration

On SEP 6 2025, MINA dropped by 61.73% within 24 hours to reach $0.0000016, MINA rose by 125.79% within 7 days, dropped by 359.28% within 1 month, and dropped by 7364.98% within 1 year.

Technical indicators have shown a marked deterioration in the short-term momentum of MINA. The RSI has collapsed below the oversold threshold, signaling potential exhaustion in the downward move. Meanwhile, the 20-period moving average has crossed below the 50-period line, reinforcing bearish sentiment. This confluence of bearish signals has raised concerns among traders who monitor market structure and trend continuity.

The recent correction has erased prior gains and exposed the asset to further downside risk. The 24-hour drop of 61.73% has triggered stop-loss mechanisms and forced a reassessment of risk exposure by algorithmic and discretionary traders alike. Analysts project that without a strong reversal on volume, the price could test critical support levels in the near term.

Backtest Hypothesis

A backtesting strategy was described that seeks to model performance under similar market conditions. The approach involves entering a short position when RSI drops below 30 and the 20-period moving average crosses below the 50-period line, with an exit triggered when RSI crosses back above 50 or at a fixed time horizon. The hypothesis is that this combination of signals could have captured a portion of the recent decline in MINA while mitigating exposure to erratic price swings. The strategy is based purely on technical triggers, avoiding fundamental or sentiment-based inputs, and is intended to be evaluated under a range of volatility scenarios.