MIRA -5050.79% in 1 Year Amid Regulatory and Market Pressures

MIRA, a digital asset facing renewed scrutiny, fell to $0.6042 on OCT 7 2025, marking a 29.74% decline in 24 hours and a 5050.79% drop over the past year. The extended bearish trend, which saw the asset fall 191.59% over the last week and 83.72% in the past month, has raised questions among investors and analysts about the sustainability of its underlying business model.

Recent developments surrounding MIRA include an investigation by a financial regulatory body into alleged governance and compliance lapses. While no formal charges have been announced, the inquiry has led to a loss of institutional confidence, with several large holders reportedly reducing their exposure. The regulatory focus has amplified market uncertainty, compounding the asset’s declining value.

A closer look at MIRA’s recent technical profile reveals a sustained downtrend with no immediate signs of reversal. The asset has broken below key support levels and failed to generate meaningful buying interest, even during short-lived price rebounds. Analysts project further volatility if the regulatory landscape remains ambiguous, but none have offered a definitive price target at this stage.

Backtest Hypothesis

A hypothetical backtesting strategy was proposed to evaluate the effectiveness of a short-term bearish approach based on MIRA’s recent price behavior. The strategy involves using a combination of a 20-day and 50-day exponential moving average (EMA) to identify sell signals. When the 20-day EMA crosses below the 50-day EMA — known as a death cross — the model assumes a short position. Stop-loss and take-profit levels are calculated based on a fixed percentage of the entry price.

The strategy also integrates a volume-based filter to avoid entering positions during periods of low liquidity. This aims to reduce the risk of false signals. While this model was not applied in real-time for MIRA, the recent trajectory aligns with the conditions the backtest would have triggered. The hypothetical scenario suggests that a disciplined, rule-based approach could have captured significant downside over the past year.