MIRA -1047.41% in 24 Hours Amid Sharp Downturn

On OCT 7 2025, MIRA dropped by 1047.41% within 24 hours to reach $0.5436, MIRA dropped by 1201.49% within 7 days, dropped by 1104.73% within 1 month, and dropped by 5560.38% within 1 year.

The recent collapse in MIRA has drawn significant attention from the cryptocurrency market, particularly due to the sheer magnitude and speed of the decline. Over the past 24 hours, the asset lost nearly 92% of its value, a drop that is among the most severe in recent market history. This movement came without prior warning, as the token had previously exhibited relatively stable price behavior over the prior months. Analysts noted that the sharp drop could be attributed to a combination of liquidity issues and a lack of strong fundamental support.

The broader market context did not offer a mitigating factor, as most major digital assets experienced a decline during the same period. However, MIRA’s performance was uniquely severe. The token’s trading activity showed signs of distress, with large sell orders dominating the order book and little to no buying pressure to counteract the downward spiral. The drop has led to heightened scrutiny from investors and market observers, who are now evaluating whether the decline signals deeper systemic problems in the asset’s underlying structure or a temporary liquidity shock.

From a technical standpoint, multiple indicators reflected bearish sentiment prior to the collapse. The Relative Strength Index (RSI) had been hovering in the oversold territory for an extended period, suggesting a potential rebound had been anticipated. However, instead of reversing, the price continued to decline, indicating a breakdown in the expected pattern. The Moving Average Convergence Divergence (MACD) line crossed below the signal line, reinforcing the bearish outlook. These indicators, though common in traditional markets, did not provide a predictive signal for the magnitude of the drop in MIRA.