MINA Bounces From 0.0567 — Can It Keep Rising?

Summary
• Price action shows a strong rebound after a sharp early sell-off, with key support around 0.0567.
• Momentum indicators suggest moderate buying pressure late in the session.
• Volatility expanded during the selloff, but has since consolidated above critical levels.

Mina/Tether (MINAUSDT) opened at 0.0579 on 2026-02-24 12:00 ET, reached a high of 0.0598, a low of 0.0561, and closed at 0.0605 by 12:00 ET on 2026-02-25. Total 24-hour volume was 13,222,838.9 MINA, with notional turnover of $769,560.31.

Structure & Formations

Price initially broke below key support at 0.0575, forming multiple bearish inside bars and a bearish engulfing pattern near the session low. A strong rebound followed, with a bullish reversal forming around 0.0567. Resistance levels at 0.0585 and 0.0592 were tested and breached during the recovery.

Volatility and Bollinger Bands

Volatility spiked during the initial sell-off, pushing price near the lower Bollinger Band. As price rebounded, it moved back toward the middle band, indicating a potential stabilization phase. No sustained expansion of the bands was observed in the final hours.

Volume and Turnover

Volume surged during the early selloff, particularly between 20:00 and 21:00 ET, with a massive 5.5M MINA traded as price dropped below 0.0575. Turnover confirmed this sell-off with a sharp increase in notional value. A later consolidation phase showed lower volume and tighter price action, suggesting profit-taking after the rebound.

Momentum and Indicators

MACD turned positive in the final hours, with the fast line crossing above the signal line, signaling a potential shift in momentum. RSI moved above 50 toward the end of the session, indicating a moderate bullish bias. However, overbought levels were not reached, suggesting a cautious approach.

Fibonacci and Retracements

Price found support at the 61.8% Fib level of the initial decline (0.0567), then rebounded to retest the 0.0592 level (38.2% retracement of the move down). A sustained break above 0.0598 could target the 0.0615-0.0630 range based on daily Fibonacci extensions.

The market appears to be in a consolidation phase following a sharp correction, with buyers stepping in above 0.0567. A break above 0.0598 could trigger further bullish momentum, but traders should remain cautious as volatility remains high and overbought levels are not yet reached.