Market Overview for Mira/Tether (MIRAUSDT): November 1, 2025

• MIRAUSDT declined from 0.2603 to 0.2591 over 24 hours amid uneven volume and momentum pullback.
• Price tested a prior support zone around 0.2550–0.2560 before stabilizing into a consolidation phase.
• Low volatility and moderate RSI levels suggest limited overbought/oversold conditions.
• Bollinger Bands remain narrow, pointing to a potential breakout phase ahead.
• Volume surged in the early morning (ET) but waned as the trend lost momentum.

The 24-hour candle for Mira/Tether (MIRAUSDT) opened at 0.2603 on October 31, 2025 at 12:00 ET, and closed at 0.2591 on November 1, 2025 at 12:00 ET. The pair reached a high of 0.2608 and a low of 0.2494 during the session. Total volume was 6,058,156.5 units, and the notional turnover (volume × average price) amounted to approximately $1.56 million. The price action revealed a gradual bearish consolidation with a brief rebound toward the end of the session.

Structure & Formations

The 24-hour candlestick pattern for MIRAUSDT shows a bearish bias, with a long upper shadow indicating rejection near 0.2608 and a pullback toward the 0.2550–0.2560 level. Notable candlestick patterns include a morning star near 0.2540–0.2560 and a potential doji at 0.2556–0.2556 around midnight (ET), suggesting indecision and a possible trend reversal. Key support levels to monitor are 0.2550 and 0.2530, while resistance lies at 0.2575 and 0.2603.

Moving Averages

On the 15-minute chart, the 20-period MA (0.2564) crossed above the 50-period MA (0.2558), forming a bullish "golden cross," but the 50-period MA is still below the 100-period MA (0.2574). Daily moving averages show a more bearish tilt, with the 50-period MA (0.2570) and 200-period MA (0.2580) forming a bearish alignment. This suggests a short-term bullish divergence from the longer-term bearish trend.

MACD & RSI

The 15-minute MACD crossed below the signal line early in the session, confirming a bearish momentum shift. The RSI (14) fluctuated between 47 and 56, indicating a neutral to slightly overbought condition. While the RSI did not hit overbought (70) or oversold (30) levels, the narrowing MACD histogram suggests diminishing momentum and potential for a consolidation or reversal phase.

Bollinger Bands

Volatility remained low for most of the session, with the Bollinger Bands tightening and price hovering near the midline (0.2577). A breakout above 0.2600 or below 0.2550 could signal a shift in volatility and sentiment. The narrow bands also suggest that a potential breakout might be imminent, especially given the indecisive doji and rising volume in the late evening.

Volume & Turnover

Volume spiked twice during the session—once in the early hours (ET) and again in the early morning, totaling 222,801 units and 668,669 units respectively. These spikes coincided with price rejections at 0.2608 and 0.2592, suggesting potential liquidity clusters or order block areas. Notional turnover also peaked during these periods, reinforcing the price-volume relationship and indicating strong short-term interest.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.2494–0.2608 swing on the 15-minute chart, key levels include 0.2564 (38.2%) and 0.2542 (61.8%). Price found support near the 38.2% level (0.2564) in the late evening and bounced slightly toward the 0.2575–0.2580 range. On the daily chart, the 61.8% retracement of the broader decline sits at 0.2562, which aligns with a key consolidation area.

Backtest Hypothesis

Given the identified Morning Star pattern near 0.2540–0.2560 and the neutral RSI levels, a potential backtesting strategy could focus on using such patterns as entry signals. A 3-day hold following the completion of a Morning Star could be evaluated for profitability. Since the pattern-detection API returned an internal error, we may either re-query with “morning_star” as the keyword or manually apply the textbook criteria (bearish to bullish reversal with a confirmation candle) to OHLCV data. Either approach is valid, and the latter avoids dependency on the third-party tool.

Outlook & Risk

Looking ahead, MIRAUSDT may test the 0.2550–0.2560 support cluster and attempt a breakout toward 0.2575 or 0.2603. A break below 0.2550 could trigger a deeper pullback. Investors should monitor volume behavior at key levels and watch for divergences in RSI and MACD. As always, volatility and market sentiment remain key risks to navigate.