Mira Price Prediction: MIRA Plummets 75% As Experts Say Consider This Rival Solana Meme Coin For Its Huge 632% Staking APY
Release: 2024/12/27 17:44 Reading: 411
Mira Price Plummets after Surge
The price of Mira (MIRA) has fallen by 75% in the past 24 hours, plunging to $0.01401 as of 02:15 a.m. EST. This decline coincides with a 21% drop in trading volume to $111 million.
This follows a surge in support from the crypto community for four-year-old Mira Chen, who is battling a rare brain tumor. A Solana token named MIRA was created in her honor, and its market value skyrocketed to over $80 million within hours of its launch. Mira is the youngest daughter of Runway CEO Siqi Chen.
Mira Price Chart Analysis
The Mira price chart shows a pronounced falling wedge pattern on the 15-minute timeframe. The upper and lower trendlines converge, indicating decreasing volatility. Despite an attempt to rebound, the price remains trapped within the wedge.
Technical indicators such as the 50-day Simple Moving Average (SMA) and the Relative Strength Index (RSI) suggest a bearish trend. However, the RSI is approaching a potential bounce zone, hinting at a possible reversal.
Mira Price Prediction
A breakout above the falling wedge's upper trendline could trigger a bullish reversal, targeting the $0.019-$0.020 range. Conversely, a breakdown below the lower wedge boundary may lead to further declines towards $0.012-$0.010.
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