If you're into meme coins on Solana, you've probably heard of $MINI – that quirky token blending cute animal memes with banana-themed antics. Launched back in early 2024, $MINI has built a dedicated community around its "mini gang" vibe, complete with a meme maker tool and a Telegram channel for sharing hilarious content. Currently trading at around $0.0098 with a market cap of $8.6 million (as per DexScreener), it's one of those under-the-radar gems that could pop off if the charts align.
Recently, a technical analysis (TA) shared by @userJaGGu on X has the community buzzing. The post breaks down the $MINI/SOL chart, highlighting signs of a potential explosive move. Let's unpack what this means in simple terms – no jargon overload here.
The chart shows $MINI going through a rough patch with a steep price drop, followed by a long "accumulation range" lasting about 186 days. Think of accumulation as a phase where smart buyers quietly scoop up tokens at low prices, building a solid foundation without much fanfare. This creates a "base structure," like the calm before a storm in crypto trading.
Then, boom – the price broke above the range high (around 0.0172–0.0175 SOL) with increased trading volume. Volume is basically the amount of buying and selling activity; a spike here often signals real interest, not just noise. Right now, $MINI is consolidating – that's trader speak for sideways movement – just above that breakout level. This could be a "retest," where the price dips back to confirm the old resistance as new support before climbing higher.
The analysis points out key levels to watch:
Support Zone: 0.0168 – 0.0172 SOL. This is the safety net; if it holds, we're good. But if it breaks, prices might slide back into the old range, trapping late buyers.
Resistance Zone: 0.0215 – 0.0230 SOL. The first big hurdle – clearing this could open the floodgates for more gains.
Macro Target: A whopping 0.1485 SOL, based on projecting the previous move's height onto the breakout. That translates to a potential 1134% upside from current levels. Ambitious? Sure, but meme coins like $MINI thrive on hype and momentum.
The thread sparked enthusiastic replies from the $MINI crew. For instance, @Budster_SOL chimed in with "In other words, $mini is ready for the banana zone 🍌," nodding to the token's fruity meme theme. Others shared memes like this crowned cat emerging from green candles, symbolizing bullish vibes:
Or this sci-fi inspired image of mini cats wielding swords in space, capturing the adventurous spirit of the community:
And check out this chart-meme hybrid explaining phases like "snipers out" and "smart wallets in," using adorable fruit-costumed animals to illustrate market dynamics:
Even a short video clip in the replies shows a chaotic, fun edit of a person reacting dramatically with cat overlays, hyping up the "here it comes" moment for $MINI.
With Solana's meme coin scene heating up – think platforms like Pump.fun making launches easy and cheap – $MINI's setup looks promising. It's ranked among top Solana memes on sites like CoinGecko and Forbes, holding steady despite market dips.
Of course, meme coins are volatile beasts. This isn't financial advice – always DYOR (do your own research). But if you're eyeing Solana tokens for 2025, keeping tabs on $MINI's chart could pay off. Join the conversation on X or dive into their meme museum on Telegram to get the full flavor. Who knows? We might just enter that banana zone sooner than expected.