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Summary
• Price tested key resistance at 0.1502 and broke support at 0.1475, closing near 0.1393 on 24-hour data.
• RSI entered oversold territory near 30, suggesting potential near-term buying interest.
• Volatility expanded with a wide 5-min range, but turnover diverged from price as volume declined in the session’s final hours.
• A bearish engulfing pattern formed at 0.1475–0.1438, indicating possible continuation of downward bias.
• Price remains below 20-period MA, suggesting weak near-term momentum.
Mira/Tether (MIRAUSDT) opened at 0.146 on 24-hour data, peaked at 0.1513, and bottomed at 0.1388, closing at 0.1393. Total 24-hour volume was 10.7 million units, with $1.58 million in turnover.
Structure & Formations
The price formed a bearish engulfing pattern at 0.1475–0.1438, reinforcing the breakdown from a key resistance cluster at 0.1502–0.1508. A long lower wick at 0.1413–0.144 suggests temporary rejection of further downside, but a 0.1395–0.1398 consolidation appears to be forming.
MACD & RSI
MACD turned negative with a bearish crossover as momentum weakened after 21:00 ET. RSI dropped into the 30–35 range by 07:00 ET, hinting at oversold conditions and potential for short-term recovery.
Bollinger Bands
Bollinger Bands widened significantly between 19:00–20:00 ET, reflecting increased volatility. Price closed near the lower band at 0.1398, consistent with a bearish bias unless a retest of the 0.1416–0.1424 range occurs.
Volume & Turnover
Volume spiked at 0.1513 with a 347,598-unit candle but declined sharply after 05:00 ET. Notional turnover peaked at $49,559 during the breakdown and has since contracted, suggesting a potential pause in selling pressure.
Fibonacci Retracements
Price found support at the 38.2% Fibonacci level (0.1424–0.1398), but failed to retrace past 61.8% (0.1446). A move below 0.1395 could target 0.1380 next.
Price may test the 0.1413–0.1425 range for support in the next 24 hours. Traders should remain cautious, as divergence in volume and a weak close increase the likelihood of further consolidation or a deeper pullback.
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