The cryptocurrency whose value increased by 100% per day is named

Cryptocurrency analysts paid attention to the Mina Protocol token (MINA), whose price rose by 100% on October 24, reaching a new annual high of $ 0.86. At the time of writing, MINA has already dropped in value and is trading at $ 0.64.

In the process of its growth, MINA broke through the long-term and short-term downward resistance line. According to experts, this happened after South Korea’s largest cryptocurrency exchange, Upbit, announced the listing of Mina Protocol in a trading pair with it. The coin reacted to the news with instant and rapid growth.

In the process, MINA demonstrated a powerful momentum, breaking above the horizontal resistance levels of $ 0.50 and $ 0.70 without making a single pullback. However, it is worth noting that the RSI is at an all-time high of 95. This indicates that the asset is extremely overbought.

The main resistance area for MINA is currently $ 1. If the token manages to break above it, it could rise to the next resistance at $ 3.20, which is 300% higher than the current price. This will be the last resistance before the all-time high.

As for the market’s flagship, yesterday, October 24, the price of BTC dropped sharply from $ 34,500 to $ 33,250 in just 30 minutes. The reason is that the data on the BlackRock iShares BTC spot ETF was removed from the website of the Depository Trust & Clearing Corporation (DTCC). Analysts said that the US Securities and Exchange Commission (SEC) probably contacted the organization’s management and «asked them to wait.»