Market Overview: Mira/Tether (MIRAUSDT) – 24-Hour Summary

• Mira/Tether (MIRAUSDT) fell from a 24-hour high of $0.3636 to a low of $0.3313, closing at $0.3386 with bearish momentum.
• Price action shows a strong breakdown from the 0.355–0.360 resistance cluster, with bearish continuation patterns in late-night trading.
• Volatility remains elevated, with a 24-hour volume of 347,382 and turnover of $112,908, but signs of weakening bearish conviction in recent sessions.
• Bollinger Bands reflect a wide expansion, suggesting a period of heightened uncertainty and potential for a near-term reversal.
• RSI is approaching oversold territory, indicating potential for a short-term rebound or consolidation phase.

Mira/Tether (MIRAUSDT) opened at $0.3551 on 2025-10-25 at 12:00 ET, surged to a high of $0.3636, then dropped to a 24-hour low of $0.3313, and closed at $0.3386 at 12:00 ET on 2025-10-26. The pair recorded a total volume of 347,382 and a notional turnover of approximately $112,908, reflecting significant bearish pressure and market uncertainty.

Structure and trend analysis indicate a breakdown from a key resistance zone between $0.355 and $0.360, which had previously acted as a psychological ceiling. A bearish engulfing pattern formed during the early morning hours, while a series of lower highs and tighter consolidation near $0.335–$0.337 suggests short-term stabilization. A key support zone has now formed between $0.335 and $0.340, where price appears to be consolidating after the sharp selloff. The 20-period and 50-period moving averages on the 15-minute chart have both moved below the price, reinforcing the bearish bias.

The 15-minute MACD has moved into negative territory, indicating bearish momentum, while the RSI has fallen to levels close to 30, suggesting the market may be nearing oversold conditions. This creates potential for a near-term bounce or consolidation phase. Volatility, as measured by the width of Bollinger Bands, has expanded significantly, with price trading near the lower band for much of the session—another sign of a possible rebound. The Fibonacci retracement from the recent high of $0.3636 to the low of $0.3313 places key support at 61.8% around $0.3417 and 38.2% at $0.3516, offering potential levels for a retest.

Looking forward, price may consolidate in the $0.335–$0.345 range in the next 24 hours, with a potential bounce off the 61.8% retracement level. However, a break below $0.335 could trigger renewed bearish momentum and a retest of earlier support levels. Investors should remain cautious, as the market appears to be in a transitional phase with mixed signals from volume and momentum indicators.

Backtest Hypothesis: The RSI-based strategy outlined requires valid price data to evaluate its effectiveness for Mira/Tether (MIRAUSDT). Given the current lack of accessible RSI data for this pair, a backtest cannot be conducted at this time. Once the correct ticker symbol is confirmed or valid data is provided, the hypothesis—buying on RSI < 30 with a 7-day holding rule—can be tested from 2022-01-01 to the present. If this strategy proves robust historically, it could serve as a viable short-term trading approach for this volatile asset.