Market Overview for Mira/Tether (MIRAUSDT) - 24-Hour Analysis

Summary
• Price action saw a sharp rebound after a key support level held near 0.2000.
• RSI and MACD suggest a potential bullish reversal despite moderate bearish momentum.
• Volume spiked at breakout highs above 0.2050, confirming recent strength in the rally.

Mira/Tether (MIRAUSDT) opened at 0.2029 on 2025-11-12 at 12:00 ET and closed at 0.2052 at 12:00 ET on 2025-11-13, with a high of 0.2106 and a low of 0.1976 over the 24-hour window. Total trading volume amounted to 14,444,367.0 units, while notional turnover reached $2.97 million. The price action displayed a clear V-shaped rebound after a brief dip below 0.2000, followed by a gradual consolidation phase.

Structure & Formations

A key support level at 0.2000 appeared resilient, as the price bounced sharply off it. The first candle after the rebound formed a bullish engulfing pattern, signaling a potential reversal. Later in the session, a series of higher highs and higher lows formed a bullish trend channel between 0.2040 and 0.2070, with the price approaching the upper boundary. A doji formed near 0.2050, indicating indecision and a potential pause in the upward momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover, with the 20-line above the 50-line. This signaled short-term bullish bias. On the daily chart, the 50-period MA (at ~0.2030) served as a dynamic support, and the 200-period MA (at ~0.2015) also provided a psychological floor that the price did not fall below.

MACD & RSI

The MACD histogram showed a bullish divergence with price, especially after the 0.2000 bounce, indicating growing momentum. The RSI crossed above 50, reaching 58 by the end of the day, signaling moderate bullish momentum. While not yet in overbought territory (RSI < 70), the indicator suggested that further upside could be capped unless the RSI breaks 65.

Bollinger Bands

Bollinger Bands showed moderate volatility contraction in the early part of the day, tightening around 0.2020–0.2040. As the price rallied, the bands expanded, with the price moving closer to the upper band by the close. The band width reaching 0.0070 suggested increased volatility and potential for a continuation or consolidation phase.

Volume & Turnover

Volume surged during the critical breakout above 0.2050, with a 15-minute candle at 20:45 ET showing 118,305 units traded and a high of 0.2047. This volume spike confirmed the strength of the breakout. Turnover also increased in line with volume, indicating strong participation and conviction in the bullish move.

Fibonacci Retracements

The 38.2% and 61.8% Fibonacci retracement levels from the low at 0.1976 to the high at 0.2106 were at 0.2033 and 0.2076, respectively. The price lingered near the 38.2% level, showing some consolidation before testing the 61.8% level. This suggests that the 0.2076 area could be a potential target or resistance in the next 24 hours.

Backtest Hypothesis

To run an event-style backtest on “Resistance Level breakout” signals, I’ll need a bit more detail so the event can be defined precisely and applied to the stock(s) you have in mind.1. Which stock(s) (tickers) would you like to analyse? • Example: AAPL, MSFT, TSLA, etc.2. How should we define a “Resistance Level breakout”? Typical definitions include, for example: • Close price exceeds the highest high of the last 20 trading days. • Close price crosses above the upper Bollinger Band. • Close price breaks above a recent swing high confirmed by at least N previous touches. If you don’t have a specific rule, I can suggest a standard one (e.g., close > highest high of the prior 55 days).3. Do you want to apply any risk-control rules in the backtest? • Example options: stop-loss %, take-profit %, max holding days, max drawdown %, etc. • If you’re unsure, I can propose reasonable defaults.Please let me know your preferences, and I’ll proceed to run the event-based backtest from 2022-01-01 to today (2025-11-13).