MIRA +53.58% 24H Driven by Short-Term Price Surge

On OCT 3 2025, MIRA rose by 53.58% within 24 hours to reach $0.6184, MIRA dropped by 4516.96% within 7 days, rose by 164.15% within 1 month, and dropped by 4927.09% within 1 year.

The rapid 24-hour increase in MIRA highlights a sudden and pronounced movement in its short-term valuation. While broader timeframes show significant volatility, the single-day gain underscores a potential shift in market sentiment. This sharp rise was not accompanied by any reported fundamental developments or news events directly related to MIRA. As such, the movement appears to be driven primarily by market dynamics rather than new information about the asset’s intrinsic value.

The weekly and yearly performance, however, tells a more complex story of long-term decline. Despite the recent 24-hour increase, MIRA has lost an overwhelming amount of value over the past week and year. These figures suggest a highly unstable price trajectory that may be less influenced by fundamentals and more by speculative trading behavior or liquidity shifts. Analysts project that such a pattern could continue, particularly in the absence of structural changes to MIRA’s underlying model or ecosystem.

Backtest Hypothesis

To evaluate the potential of MIRA’s recent price movement, a specific backtesting strategy is applied, focusing on the use of moving averages and RSI (Relative Strength Index) as key technical indicators. The strategy is designed to identify entry and exit points based on these signals, with the aim of capturing short-term gains while minimizing exposure during downtrends.

The backtest employs a 50-period and 200-period moving average crossover as a core entry signal, while RSI levels below 30 and above 70 are used to determine potential reversal points. The assumption is that a short-term trading approach could capitalize on MIRA’s high volatility by entering positions during overbought and oversold conditions.