MIRA -7322.63% in 1 Year Amid Regulatory and Market Developments

On OCT 10 2025, MIRA dropped by 2934.05% within 24 hours to reach $0.3216, MIRA dropped by 4514.94% within 7 days, dropped by 4635.59% within 1 month, and dropped by 7322.63% within 1 year.

The recent sharp decline in MIRA’s price has been attributed to a series of strategic and technical developments. A key development occurred when the asset’s primary custodians announced adjustments to its governance framework, citing the need for enhanced compliance and operational transparency. These changes, while aimed at strengthening the asset’s long-term viability, introduced uncertainty in the short term, contributing to heightened volatility and investor caution.

Technical indicators suggest a prolonged bearish trend. The 20-day moving average remains significantly above the current price, signaling a widening divergence between short-term and long-term sentiment. The Relative Strength Index (RSI) has remained below 30 for an extended period, consistent with an oversold condition but without triggering a reversal. These metrics underscore a market in consolidation, lacking the momentum needed to reverse the downward trajectory.

Backtest Hypothesis

A proposed backtesting strategy attempts to model performance under historical conditions that align with MIRA’s current technical profile. The approach employs a moving average crossover system, using the 50-day and 200-day moving averages as primary signals. In periods where the 50-day line dips below the 200-day line—a bearish signal—traders would be prompted to exit long positions or initiate short positions, depending on regulatory and platform constraints.

The hypothesis is based on the premise that trend-following strategies have historically fared better in sustained bear markets, particularly when supported by strong fundamental catalysts. Given the regulatory developments and the prolonged downward momentum in MIRA, this strategy seeks to test the potential efficacy of systematic trading rules in a high-volatility environment.