Mina Protocol Price Prediction as MINA Up 81% YTD – Going Higher in 2024?

cryptonews.com:

The Mina Protocol price has fallen to $0.872462 today, representing a 6% drop in 24 hours as the wider market gains by 1%.

Despite this dip, MINA remains up by a healthy 13% in a week and by 42% in the last 30 days, with the altcoin also having risen by 81% since the beginning of the year.

And given the strong 2023 Mina Protocol has had as a blockchain network, MINA is likely to continue gaining into the New Year, potentially rising further up the cryptocurrency rankings.

MINA’s chart suggests that the altcoin is in a position where it could see further gains in the coming days and weeks, with its indicators still showing good momentum.

Its 30-day average (yellow) continues to rise strongly above its 200-day average (blue), indicating that MINA remains in an expansionary phase, one which isn’t currently showing any signs of ending soon.

Likewise, MINA’s RSI (purple) remains above 60, and while the coin has dipped today, its underlying momentum may help it recover quickly.

Indeed, MINA’s support level (green) has increased substantially since the end of October, so it’s unlikely that today’s falls will get any worse.

And while the coin’s 24-hour trading volume is relatively modest today at around $57 million, this is almost a 200% increase over where it was at the start of the month.

In other words, MINA’s short- and medium-term picture continues to look encouraging, so it’s entirely conceivable that it will return to growth very soon.

And as far as its longer term prospects are concerned, the coin could have a strong 2024, given the Mina Protocol’s recent developments.

Most notably, this past week has seen Mina developers introduce an update that will make it compatible with Ethereum.

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