MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON
The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
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