Mina is building the privacy and security layer for web3 with zero-knowledge proofs. It is the world's lightest blockchain, powered by the participants. Using zero-knowledge proofs, Mina is creating the infrastructure for the secure, democratic future we all deserve.
Mina uses a Proof-of-Stake consenus mechanism called Ouroboros Samasika which is a modified version designed by IOHK for Cardano. It requires far less computing power than Bitcoin's POW protocol.
MINAUSD performed well in the past two days.
Any daily close above $1.35 confirms further bullishness.
MINAUSD gained more than 10% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $1.207 and is currently trading around $1.203.
The bullish invalidation can happen if the pair closes below $0.75. On the lower side, the near-term support is $0.90. Any break below targets $0.75. significant downtrend if it breaks $0.35.
The immediate resistance stands at around $1.35. Any breach above confirms bullish continuation. A jump to $1.5/$2 is possible. A surge past $2 will take it to $3.70.
It is good to buy on dips around $0.90 with SL around $0.75 for TP of $1.50.
