MIRA - -518.84% 24-Hour Drop Amid Volatile Short-Term Performance

On OCT 16 2025, MIRA dropped by 518.84% within 24 hours to reach $0.3287, MIRA rose by 171.02% within 7 days, dropped by 4630.66% within 1 month, and dropped by 7320.17% within 1 year.

The sharp decline in MIRA’s price within a 24-hour window is the most significant short-term movement reported. Despite a modest 171.02% gain in the previous seven days, the asset experienced a severe pullback in the following 24 hours. The magnitude of the drop raises questions about the catalysts influencing such a dramatic shift. No direct news content has been provided regarding this drop; however, the data reflects a rapid shift in market sentiment, likely triggered by external factors or internal asset dynamics not detailed in the source material.

MIRA’s longer-term performance continues to reflect a declining trend. Over the past 30 days, the asset lost 4630.66%, and over one year, the loss expanded to 7320.17%. These figures indicate a sustained downturn, with the 24-hour drop occurring amid an ongoing bearish trajectory. The sharpness of the 24-hour move, however, suggests a more immediate or event-driven cause compared to the broader trend, which appears to be more structural in nature.

Technical indicators have historically played a role in capturing such extreme movements. A backtest hypothesis can be constructed around event-driven price responses to sudden declines, such as a 10% single-day drop, to assess how similar assets have performed post-event.

Backtest Hypothesis

To evaluate the potential behavior of assets like MIRA in the wake of a sudden 10% drop, a structured backtest can be conducted. This event-driven approach would identify instances where a selected asset or index experienced a 10% or greater decline in a single day. The analysis would then track performance in the days following the drop to determine whether such moves historically led to rebounds or continued declines.

The two key parameters for this backtest are the ticker symbol(s) to evaluate and the exact definition of the “down 10%” trigger. For instance, the trigger could be defined as a close-to-close price decline of 10% or greater. Once these parameters are established, the data from January 1, 2022, to October 16, 2025, can be analyzed to generate insights into post-event performance.