MIRA +376.07% in 24 Hours Amid Short-Term Volatility and Long-Term Decline

On OCT 4 2025, MIRA rose by 376.07% within 24 hours to reach $0.6838, MIRA dropped by 1598.87% within 7 days, rose by 1186.8% within 1 month, and dropped by 4416.68% within 1 year.

The dramatic 24-hour price spike followed a sharp decline over the preceding week, indicating a possible short-term reversal in investor sentiment. The 1598.87% drop over seven days had previously pushed MIRA to an intraday low, but the subsequent rebound suggests a rapid recovery in buying pressure. Traders and observers noted that the bounce came without the presence of major macroeconomic or protocol-level catalysts, pointing to speculative or algorithmic trading activity as potential drivers of the move. Analysts project that such volatility could persist given the asset’s historical tendency to exhibit extreme price movements over compressed timeframes.

The monthly price trajectory showed a 1186.8% increase, which partially offset the 4416.68% loss recorded over the year. This disparity highlights a market dynamic where short-term traders may be capitalizing on rapid reversals while long-term holders face significant erosion in value. The asset’s performance underscores the challenges of holding high-volatility tokens, where gains over one timeframe can be dramatically undone in another. The lack of clear foundational improvements or governance changes during this period suggests the price swings are more influenced by speculative behavior than intrinsic value.

The technical indicators used to analyze MIRA’s price movement primarily focus on momentum and reversal signals, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). These tools are commonly used to detect overbought and oversold conditions and to identify potential trend changes. In the case of MIRA, the RSI briefly reached overbought territory following the 24-hour rally, while the MACD showed a narrowing of the histogram, indicating a potential loss of momentum.