Market Overview for Mira/Tether (MIRAUSDT) – October 26, 2025

Mira/Tether (MIRAUSDT) opened at $0.3551 at 12:00 ET on October 25 and closed at $0.3343 at 12:00 ET on October 26. The pair touched a high of $0.3636 and a low of $0.3309 during the 24-hour window. Total trading volume was 10,074,654.05 units, with a notional turnover of approximately $3,366,647.28. Price action exhibited a sharp downward drift, particularly after 22:00 ET.

1. Structure & Formations

Price action on MIRAUSDT showed a strong bearish bias over the past 24 hours, with a key resistance area forming around $0.358–0.363. This was repeatedly tested and broken, culminating in a decisive breakdown. A series of bearish engulfing patterns became evident as early as 19:45 ET, confirming the shift in sentiment. A doji formed at the high of the day near $0.3636, signaling indecision at resistance, followed by a sharp breakdown. Support levels emerged around $0.350, $0.345, and $0.340, with the current price finding short-term support at $0.3345–0.335.

2. Moving Averages

On the 15-minute chart, MIRAUSDT closed below both the 20-period and 50-period SMAs, indicating a strong bearish bias in the short term. The 50-period SMA crossed below the 20-period, forming a death cross in fast timeframes. On the daily chart, the pair is well below the 50, 100, and 200-period SMAs, reinforcing the downtrend and suggesting the potential for further declines unless a strong reversal develops.

3. MACD & RSI

MACD lines showed a sharp bearish crossover with the signal line and negative divergence in the final hours of the session, indicating a continuation of the bearish trend. RSI declined from overbought territory (above 60) to oversold levels (around 30–35), suggesting price is trading near the bottom of its recent range. However, RSI divergence with price in the final candle hours suggests caution — the oversold reading may not guarantee an immediate reversal.

4. Bollinger Bands

Volatility expanded through the evening and early morning hours, with price moving from the upper band to the lower band. The breakdown below the lower Bollinger Band at $0.3309 confirmed a strong bearish momentum phase. The current price is sitting just above the lower band, indicating a period of consolidation or a potential bounce, though bearish pressure remains intact.

5. Volume & Turnover

Trading volume surged during the critical breakdown hours starting at 22:00 ET, with several 15-minute intervals exceeding 300,000 units. The highest volume occurred at 00:00 ET and 01:30 ET, coinciding with sharp price drops. Notional turnover spiked from $0.345 million to over $0.74 million during the breakdown phase, confirming bearish conviction. Price and volume aligned well during the decline, suggesting a continuation may be likely unless volume reverses sharply.

6. Fibonacci Retracements

Fibonacci levels applied to the recent 15-minute swing from $0.3636 to $0.3309 show key retracement levels at $0.3506 (38.2%), $0.3451 (50%), and $0.3414 (61.8%). Price has failed to hold above the 50% retracement level and is now consolidating near the 61.8% level. On a daily chart, the pair is near the 61.8% retracement level from a broader uptrend seen in mid-October, which could offer a potential target for further bearish movement.

7. Backtest Hypothesis

A bearish engulfing pattern can provide a robust short-term trading signal when confirmed by volume and RSI divergence. For MIRAUSDT, a backtest of such a strategy could involve identifying the pattern on the 15-minute chart, entering a short position on close confirmation, and placing a stop above the engulfing candle’s high. The target would typically be the next support level or a Fibonacci retracement. Given the recent bearish confirmation and volume confirmation, a backtest of this pattern could be valuable. However, the current data source returned an error for MIRAUSDT, likely due to an incorrect or unrecognized ticker symbol. Please confirm whether the correct symbol is MIRUSDT or provide an alternative data source or exchange listing MIRAUSDT to proceed with the analysis.