MIRA -637.84% in 24 Hours Amid Sharp Correction

On OCT 10 2025, MIRA dropped by 637.84% within 24 hours to reach $0.4318, MIRA dropped by 2732.46% within 7 days, dropped by 2892.32% within 1 month, and dropped by 6452.56% within 1 year.

The recent performance of MIRA has triggered heightened scrutiny from both institutional and retail investors, with the token’s value collapsing dramatically across multiple timeframes. This sharp decline has sparked debates among traders and analysts about the underlying causes and potential implications for the broader market.

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Technical indicators show a bearish divergence across key metrics, with the relative strength index (RSI) and moving average convergence divergence (MACD) both signaling oversold conditions. These patterns suggest that the downward momentum is likely to continue unless there is a significant influx of buyer activity. Analysts project that without a structural shift in investor sentiment or a catalyst for renewed demand, MIRA may remain under pressure in the near term.

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MIRA’s prolonged decline has also raised questions about liquidity and market depth. Despite its heavy trading volume, the token has failed to maintain any sustained upward movement, indicating a lack of support from key market participants. The absence of stabilizing buying activity has further contributed to the erosion of investor confidence, compounding the downward spiral in price.

Backtest Hypothesis

A proposed backtesting strategy suggests examining the effectiveness of a trend-following model based on a 50-day and 200-day moving average crossover system. This method aims to capture sustained downward trends while filtering out short-term volatility. The model would trigger sell signals when the 50-day moving average crosses below the 200-day line, a condition commonly associated with bearish momentum. Historical data from previous cycles could be used to validate the system's performance. Given the recent bearish divergence seen in MIRA’s indicators, such a strategy may have identified early entry points for short positions or exit signals for longs.

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