MINAUSDT Market Overview: Volatility and Divergence in a 24-Hour Swing

• Mina breaks key resistance around $0.1900 before pulling back sharply after a large-volume sell-off.
• Strong bullish momentum seen in early hours, followed by bearish divergence in RSI and MACD.
• Volatility spikes during late-night rally, then contracts sharply during morning trading in New York.
• Bollinger Bands show price retesting the midline after a period of high volatility, suggesting possible consolidation.
• Volume peaks around 19:45 ET, coinciding with a sharp 5% pullback, indicating heavy distribution.

Mina (MINAUSDT) opened at $0.1863 on August 24 at 12:00 ET, reached a high of $0.1968, and closed at $0.1796 on August 25 at 12:00 ET. The total traded volume over the 24-hour period was 18,687,616.5 MINA, with a notional turnover of $3,494,595.20.

Structure & Formations

The 15-minute chart reveals a strong bullish breakout from the $0.1900–$0.1922 range, followed by a sharp bearish reversal at 19:45 ET in a high-volume candle that closed at $0.1902. This candle may signal a distribution top. Price then retested key support levels at $0.1880 and $0.1860, with bearish engulfing patterns visible during the morning hours in New York. A notable bearish doji formed at 00:45 ET, signaling indecision near the $0.1832 level.

Moving Averages

On the 15-minute chart, price briefly broke above both the 20-period and 50-period moving averages before retracting sharply below them. This divergence suggests weakening bullish momentum. On the daily chart, the 50-period moving average sits near $0.1850, and the 200-period is closer to $0.1800, indicating that the 200-day MA may become a critical support level if the bearish trend continues.

MACD & RSI

The RSI spiked above 60 during the late-night rally, indicating overbought conditions, followed by a sharp decline toward the 40–45 range by morning, suggesting bearish momentum. MACD showed a bullish crossover before 18:00 ET but then turned bearish after the large sell-off at 19:45. This bearish turn in the MACD confirms the weakening in bullish conviction.

Bollinger Bands

Price remained outside the upper Bollinger Band for nearly two hours during the rally, before snapping back inside with a large contraction in band width. Price has since tested the midline and is currently hovering near the lower band. This suggests a period of consolidation may be forming.

Volume & Turnover

Volume spiked sharply at 19:45 ET with a candle of 3.28 million MINA traded, the largest of the period. This was followed by a significant drop in volume despite continued price declines. The divergence between price and volume suggests weakening bearish pressure. Turnover also dropped significantly in the last 6 hours of the period, indicating reduced interest in both long and short positions.

Fibonacci Retracements

Applying Fibonacci to the recent $0.1863–$0.1968 swing shows key levels at 61.8% ($0.1927) and 38.2% ($0.1909). Price failed at both levels, suggesting bearish exhaustion may be setting in. On the daily chart, a 61.8% retracement of the larger swing from $0.1770 to $0.1968 sits near $0.1835, a level that has shown prior support.

Price appears to be in a consolidation phase after the recent volatility, with bearish momentum still intact in the short term. A test of $0.1835 could provide a clearer direction, though a break below $0.1800 may trigger further selling. Investors should remain cautious about volatility and potential divergence between price and volume in the next 24 hours.