MIRA -6011.8% in 1 Year Amidst Sharp Short-Term Downtrend

On OCT 9 2025, MIRA dropped by 806.42% within 24 hours to reach $0.489, MIRA dropped by 2088.41% within 7 days, dropped by 2009.19% within 1 month, and dropped by 6011.8% within 1 year.

Market observers are closely tracking the precipitous decline of MIRA, a token that has faced a dramatic drop in value over multiple timeframes. The movement reflects a broader pattern of instability that has persisted since the beginning of the year. The 6011.8% drop over 12 months underscores a long-term bearish trajectory, which has not been offset by recent short-term performance. Investors are now reevaluating the asset's position in high-risk portfolios, particularly in light of its continued volatility.

From a technical perspective, the sharp declines have left the asset at historically low levels relative to its previous benchmarks. Analysts project that the asset is in a structural bear trend, as multiple downward breakouts have occurred without significant retracements. The absence of a clear reversal pattern suggests that further downside could be expected in the near term. The recent 806.42% drop in 24 hours has further entrenched bearish sentiment among traders and institutional observers.

The asset’s performance has been characterized by a lack of support level resilience. Each major decline has failed to find a stabilizing base, leading to extended downward momentum. The 1-month and 7-day metrics, at 2009.19% and 2088.41%, respectively, indicate that the bear trend has accelerated in recent weeks, raising concerns about liquidity and long-term viability.

Backtest Hypothesis

A backtesting strategy was recently proposed to evaluate the feasibility of a short-term bearish approach based on the observed technical indicators. The strategy is centered around identifying key downward breakouts and implementing short positions upon confirmation. The core assumptions are grounded in the asset’s tendency to trend downwards without forming meaningful support levels.

The hypothetical model incorporates a stop-loss mechanism to limit potential losses during unexpected rebounds, while take-profit targets are set based on historical volatility metrics. The model suggests that shorting the asset after a confirmed bearish breakout could generate substantial returns in alignment with the recent trajectory. It also incorporates a trailing stop to maintain exposure to further downward movements. This approach aims to align with the current price dynamics and the lack of bullish reversal signals.