MIRA -377.64% 24H Drop Amid Sharp Correction

On OCT 6 2025, MIRA dropped by 377.64% within 24 hours to reach $0.5745, MIRA dropped by 646.11% within 7 days, dropped by 589.3% within 1 month, and dropped by 5303.13% within 1 year.

The token has entered a sharp bearish phase marked by prolonged downward momentum across multiple timeframes. The 24-hour decline of over 377.64% signals a liquidity event or a structural shift in investor sentiment. Over the past week, the decline intensified, with a 646.11% drop observed, suggesting a systemic selloff rather than isolated trading activity. The one-month and one-year figures, at 589.3% and 5303.13% respectively, reflect the long-term erosion of value and signal a sustained bear market dynamic. Analysts project that the price trajectory will remain bearish unless there is a fundamental intervention or a catalyst that restores liquidity and buyer interest.

Technical indicators suggest a continuation of the downtrend in the short term. The RSI has entered oversold territory, but historical behavior shows such readings can persist during prolonged bear cycles. The 200-day moving average remains significantly above the current price, indicating a lack of near-term support. Volume patterns have not shown signs of reversing the downward trend, with continued outflows observed across major exchanges. Market participants remain cautious, with bearish open interest prevailing in derivatives markets. These conditions suggest that any short-term rebounds may lack conviction and could be quickly negated by ongoing selling pressure.

MIRA’s price trajectory is currently governed by a clear bearish momentum. The absence of strong buyer participation and the historical volatility across extended periods point toward a deep correction in the market structure. The token’s performance aligns with broader market conditions where liquidity events and capital outflows dominate price discovery. Analysts project that until a major fundamental change occurs, such as a shift in governance, new utility integration, or significant capital inflow, the price is unlikely to recover meaningfully.