MIRA - -625.76% in 24 Hours Amid Volatile Price Swings

On OCT 4 2025, MIRA experienced a sharp decline of 625.76% within 24 hours, dropping to $0.6147. The token also fell by 2410.01% in the past seven days, but rose by 106.7% over the last month. Over a year, it plummeted by 4955.76%. These movements highlight the extreme volatility associated with MIRA and the broader market's sensitivity to sentiment shifts.

A recent update to MIRA’s governance framework has sparked renewed interest from a segment of the community, though it has not yet translated into price stability. The new governance model includes a token-weighted voting system that aims to decentralize decision-making and reduce reliance on a central development team. The proposal has been accepted for public review, with a vote expected to be initiated in the coming weeks. While the mechanism is still under scrutiny, the proposal has already prompted discussions among key stakeholders regarding long-term sustainability and token economics.

Technical indicators for MIRA show a bearish short-term outlook. The RSI has fallen below 30, signaling oversold conditions, while the MACD remains in negative territory, reinforcing downward momentum. Analysts project that the price could continue to decline in the near term unless a strong buyer’s interest emerges. The 50-day and 200-day moving averages are widely divergent, reflecting prolonged volatility and lack of a clear trend.

Backtest Hypothesis

A backtesting strategy was proposed to evaluate the potential effectiveness of a mean-reversion approach on MIRA, based on the observed volatility and divergence in moving averages. The strategy is built on a set of predefined rules that enter trades when the price crosses below the 50-day moving average and exits when it crosses back above. Stop-loss and take-profit levels are set at fixed percentages to limit risk exposure. The hypothesis is that repeated deviations from the mean could be exploited for consistent returns, particularly in highly volatile markets where MIRA currently resides. This strategy is being tested using historical data to determine its viability in simulating current market dynamics.