MINA -89.45% Amid Market Downturn and Volatility
- MINA's price plummeted 477.45% in 24 hours to $0.1818, marking a historic decline. - Analysts attribute the drop to macroeconomic pressures, shifting sentiment, and technical breakdowns. - The sell-off triggered stop-loss orders and liquidations, worsening the bearish trend.
On AUG 29 2025, MINA dropped by 477.45% within 24 hours to reach $0.1818, marking one of the most significant price declines in recent memory. The token has also dropped by 365% within 7 days, 328.66% within 1 month, and 6873.91% over the past year, signaling a prolonged bearish trend and severe erosion of investor confidence.
The sharp decline has raised questions about the underlying factors contributing to the sell-off. While no single cause has been identified, the sustained downward trajectory points to broader market dynamics at play. Analysts project that the drop is likely a confluence of macroeconomic pressures, investor sentiment shifts, and technical breakdowns in key support levels. The recent 24-hour plunge, in particular, has triggered stop-loss orders and forced liquidations across leveraged positions, amplifying the sell-off’s intensity.
The price action has also drawn attention to technical indicators. The token has fallen below multiple key moving averages and failed to hold above critical Fibonacci retracement levels, indicating a potential continuation of the bearish trend. On the daily chart, MINA is trading near its 200-day low, reinforcing the idea that the current move could persist in the near term.
The use of technical indicators suggests an opportunity to evaluate the effectiveness of a trading strategy based on MINA’s volatility. A strategy centered around large price swings—specifically, a 10% move—could be tested for its viability in capturing either rebounds or further declines.
Backtest Hypothesis
To evaluate a potential trading strategy around MINA’s volatility, a backtest could be structured as follows: First, define the trigger. Does the strategy activate every time MINA’s closing price drops 10% or more compared to the previous day’s close? Or is it based on an intraday drawdown, or another reference point such as a 10% move from a recent high?
Assuming a 10% close-to-close drop is the trigger, the strategy could then specify the direction and timing of the trade. Should it go long (buying with the expectation of a rebound) or short (selling or shorting with the expectation of a further decline)? Would entry occur at the next day’s open, or another convention like the close of the triggering day?
The exit criteria are also essential. Should positions be held for a fixed period (e.g., 5 trading days)? Should they be closed when a profit target of 10% is reached, or when a stop-loss threshold of 8% is breached? Alternatively, should the trade be closed when an opposite 10% move is observed?
Risk management parameters—such as a maximum drawdown threshold or a maximum holding period—can further refine the strategy and ensure it remains within defined risk parameters. One proposed approach is to buy at the next day’s open after a -10% close, hold for 5 days or until a 10% rebound is achieved, whichever comes first.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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