MIRAUSDT Surges 5% in Early Hours But Fails to Break Out

Summary
• Price traded between $0.0890 and $0.0960, consolidating near $0.0910 in the final hours.
• Volatility surged in early morning hours, with a 5.1% price spike from 02:30 to 03:30 ET.
• On-balance volume skewed strongly toward the upper half of the day, hinting at buyer involvement.
• RSI oscillated between overbought and neutral, with no clear divergence from price.
• Key 5-minute resistance appears to form at $0.0924–0.0928; support holds near $0.0906–0.0909.

At 12:00 ET on February 7, 2026, Mira/Tether (MIRAUSDT) opened at $0.0901, reached a high of $0.0960, a low of $0.0890, and closed at $0.0901. Total 24-hour volume was 9,402,832 units, with notional turnover of $851,421.

Structure & Moving Averages

Price formed a bullish engulfing pattern around $0.0906 during the morning and tested the 20-period moving average (around $0.0920) repeatedly. The 50-period average remains above current levels, suggesting bearish pressure. Daily chart averages show a longer-term downtrend remains intact.

Momentum and Oscillators

MACD crossed below the zero line in the late hours of February 6, confirming bearish momentum. RSI showed a brief overbought condition at midday before retreating into neutral territory. No clear divergence between price and RSI was observed, suggesting continuation of current trends is likely.

Volatility and Bollinger Bands

Volatility expanded significantly between 02:30 and 04:30 ET, with price reaching near the upper band before retreating. The bands widened during that period, reflecting heightened uncertainty. Price closed near the lower band, suggesting potential for a mean reversion or test of support.

Volume and Turnover

Volume spiked dramatically during the early hours of February 7, particularly between 02:30 and 04:30 ET, coinciding with a sharp upward move. Turnover also surged during this window, indicating higher participation and conviction. Divergence between volume and price was not evident, suggesting a coherent trend.

Fibonacci Retracements

Recent 5-minute swings show 38.2% retracement near $0.0924 and 61.8% at $0.0913. On the daily chart, the 61.8% level from the prior high aligns with the current consolidation range, suggesting potential for a bounce or breakdown.

Looking ahead, the next 24 hours could see MIRAUSDT test $0.0925 as resistance and retest support near $0.0906. Traders should remain cautious about the risk of a breakdown if short-term volume continues to favor sellers.