Market Overview for Mira/Tether (MIRAUSDT) as of 2025-10-25

• Mira/Tether (MIRAUSDT) rose from $0.3167 to $0.3471, forming a bullish breakout pattern.
• Strong volume expansion observed in the 00:30–03:30 ET window with total volume of 9,669,215.7 and turnover of $3.11M.
• RSI pushed into overbought territory (68–72), and MACD crossed above zero, signaling positive momentum.
• Price tested and held above key resistance at $0.332–0.333, with a bullish continuation in place.
• Volatility increased sharply after 00:30 ET, expanding Bollinger Bands and signaling trend continuation.

Mira/Tether (MIRAUSDT) opened at $0.3167 on October 24 and closed at $0.3471 by 12:00 ET on October 25, marking a sharp intraday gain of 9.6%. Price reached a 24-hour high of $0.3471 at 01:30 ET and held above key resistance at $0.332. Total 24-hour volume reached 9,669,215.7, while notional turnover (amount × price) totaled approximately $3.11M, reflecting strong buying interest during late-night and early-morning hours in the U.S.

The price structure over the past 24 hours displayed a clear bullish continuation. A bearish consolidation phase from $0.3167 to $0.3297 was decisively broken out of after the 00:30 ET candle. Several bullish patterns emerged, including a Bullish Engulfing at $0.3325–0.3315 and a Higher High–Higher Low (HHHL) trend. Key support levels at $0.3296–0.3303 and resistance at $0.332–0.333 acted as dynamic barriers before the price surged higher. The 15-minute chart shows the 20 and 50-period moving averages both in bullish alignment, with the 50SMA acting as a dynamic support during a critical pullback at 03:45 ET.

Momentum indicators confirm the bullish bias. The RSI reached 72 at the peak, suggesting overbought conditions, while the MACD crossed above zero with a positive histogram, reinforcing the upward thrust. The 20-period Bollinger Bands widened significantly after the 00:30 ET breakout, indicating increased volatility and trend strength. Price held consistently above the upper band for several hours, a sign of strong follow-through buying. On the downside, the 20-period Bollinger Band midpoint at ~$0.335 may act as near-term support, with the 20-period SMA at ~$0.3345 closely aligned.

The volume profile highlights two key clusters: one during the initial breakout at 00:30–00:45 ET and another during a consolidation phase at 02:15–03:30 ET. Notional turnover increased sharply during the late-night U.S. hours, especially in the 00:30–02:00 ET range, confirming strong participation. However, a volume divergence appeared after the 03:45 ET candle as the price continued higher but with diminishing volume, signaling a potential pause or correction in the near term.

Backtest Hypothesis

The bullish price action and strong volume confirmations over the past 24 hours suggest a robust trend continuation. Given this context, a backtest could be designed around bearish reversal signals—such as a Bearish Engulfing—to evaluate shorting opportunities in a countertrend scenario. A simple and effective exit rule for this hypothetical strategy could be:
Exit at the close of the next candle after entering a short position (1-bar hold), with no stop-loss or take-profit. This rule allows the test to focus purely on the predictive power of the pattern in the context of a bearish reversal.
Using this rule, and assuming daily MIRAUSDT data since 2022 is available, we can assess the win rate, average return, and risk-reward ratio of such a strategy. This will help determine whether the pattern can be reliably used in a countertrend shorting context amid a generally bullish market regime.