Latest Mintlayer (ML) Price Analysis

Deep Dive

1. Profit-Taking After Rally (Bearish Impact)

Overview: ML’s 7-day rally (+36.87%) pushed its 7-day RSI to 84.37—deep into overbought territory (RSI >70 signals overbought). Historically, such extremes often precede corrections.
What this means: Traders likely locked in gains, exacerbated by ML’s low liquidity (24h volume: $1.1M, -23.5% vs prior day). Thin order books magnified downside volatility.
What to watch: Whether ML holds its 30-day SMA ($0.0206), a key support level.

2. Altseason Rotation Risks (Mixed Impact)

Overview: The Altcoin Season Index rose 10.17% to 65/100 in 24h (BTCC), but capital flowed into sectors like DePIN and AI (e.g., @Hivemapper, @ionet) rather than ML’s blockchain infrastructure niche.
What this means: ML missed the “high-beta alt” narrative dominating rotations. While Bitcoin dominance dipped slightly (-0.12% to 58.29%), ETH (+0.12% dominance) and trending alts absorbed most inflows.

3. Social Media FUD Amplification (Bearish Impact)

Overview: A 31 August 2025 tweet urged caution about discussing ML, citing “legal consequences” and “mental well-being” concerns (@sapphoria_th). No specifics were provided.
What this means: The ambiguity fueled speculation about undisclosed issues, triggering panic selling. ML’s 24h social volume spiked 180% (per alternative data), correlating with the price plunge.

Conclusion

ML’s drop reflects profit-taking after overbought conditions, sector rotation away from its niche, and social media-driven uncertainty. Key watch: Can ML stabilize above $0.0206 (30-day SMA) to avoid cascading liquidations in low-liquidity markets?

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: ML’s price ($0.0414) sits above its 7-day SMA ($0.0202) and 30-day SMA ($0.0203), with the RSI-7 at 78.49 – above the 70 threshold indicating overbought conditions.

What this means: While overbought RSI readings often precede pullbacks, the sustained break above moving averages suggests strong short-term momentum. The MACD histogram turned positive (+0.000917), signaling accelerating upward pressure.

What to look out for: A close below the 7-day SMA ($0.0202) could trigger profit-taking.

2. Volume Surge (Mixed Impact)

Overview: Trading volume spiked 349% to $1.45M – its highest level since 31 August 2025 – with turnover (volume/market cap) at 0.54, indicating moderate liquidity.

What this means: The volume surge validates the price move, showing real buyer participation rather than thin-market manipulation. However, such parabolic moves often attract volatility – ML’s 24h price range ($0.0159–$0.0414) shows a 160% intraday swing.

3. DePIN Narrative Link (Speculative Impact)

Overview: A 13 August 2025 DePIN sector map listed ML under AI/ML compute networks, alongside projects like Bittensor and Ionet.

What this means: While no direct partnership is confirmed, the categorization may have sparked speculation about ML’s role in decentralized AI infrastructure. The 68% price jump occurred 53 days post-publication, suggesting delayed reaction or secondary narrative drivers.

Conclusion

ML’s surge combines technical momentum with speculative narrative alignment, though the DePIN link remains unverified. The overbought RSI and high volatility warrant caution despite bullish volume signals.

Key watch: Can ML hold above $0.0372 (200-day EMA) to confirm a longer-term trend reversal?