Price Position and Structural State
Mina Protocol (MINA) closed at 0.04461 USDT on July 15, 2026, flat on the day. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.03667 USDT, with resistance near 0.05948 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
MINA is trading inside a zone of moving-average confluence. MA9 at 0.044289 USDT sits just below price, while MA50 at 0.044788 USDT sits just above. The compression across multiple moving averages signals range contraction rather than trend dominance. The next meaningful read comes from price separating cleanly from this cluster.
Trading Friction and Price Efficiency
MINA shows high trading friction, with a 3-day friction score of 28.2. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest increased +6.80% in one day but remains near the lower side of its 180-day range. This shows participation is improving from a low leverage base.
Funding is negative on the 24-hour average at -0.001215%, while the 7-day average is +0.004342%. This shows fresh short-side cost pressure rather than a sustained build across the week.
The long/short ratio is 1.68, sitting near the upper side of its 180-day range at 80.94%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
MINA remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that MINA moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting MINA. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.607 | 1.069 | 0.369 | Strong linkage |
| 60D | 0.715 | 1.008 | 0.511 | Strong linkage |
| 180D | 0.735 | 0.907 | 0.541 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
MINA's volatility profile is controlled rather than stretched. ATR% reads 6.78, near the middle of its full historical range. Bollinger Band width% reads 34.07, near the middle of its full historical range. 20-day Volume Z-score is -0.24. Range expansion is not leading the setup right now.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +11.50%, while RSI is 51.30.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. MINA stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For MINA, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.05948 USDT establishes a bullish regime, while a daily close below 55-day support at 0.03667 USDT confirms a bearish regime.