MIRA -7017.04% YTD Amid Sharp Declines Across Multiple Timeframes

On OCT 14 2025, MIRA dropped by 594.16% within 24 hours to reach $0.3642, MIRA dropped by 2127.57% within 7 days, dropped by 4023.31% within 1 month, and dropped by 7017.04% within 1 year.

The cryptocurrency has experienced a dramatic downturn across multiple timeframes, with its 24-hour drop of 594.16% marking one of the sharpest declines in recent memory. This volatility has drawn attention from investors and analysts, particularly due to the extreme negative performance over the past year. The 12-month decline of 7017.04% places MIRA among the most severely depreciated assets in the digital currency market.

Technical analysis has shown no immediate signs of stabilization. The asset has failed to maintain levels that could signal a reversal or consolidation phase. The 7-day and 1-month drops further underscore the persistent bearish momentum, with the 4023.31% monthly loss indicating a continued deterioration in investor sentiment and market confidence.

Backtest Hypothesis

Given the historical volatility of MIRA, an analytical approach could be developed to test the effectiveness of event-driven trading strategies. One such hypothesis would involve defining a specific event and examining its impact on post-event performance. For example, treating every date where MIRA’s 1-year percentage change is ≤ -7017.04% as an event could yield insights into whether similar patterns in the past have led to predictable market reactions. Alternatively, a simpler strategy could involve evaluating the performance of holding MIRA from a defined start point up to the current date, offering a baseline for long-term exposure.