Mira Value Prediction: MIRA Plummets 75% As Merchants Shift Focus To This Solana Meme Coin Rival For Its 632% Staking APY

The Mira worth plummeted 75% within the final 24 hours to commerce at $0.01401 as of 02:15 a.m. EST, with buying and selling quantity plunging 21% to $111 million.

This comes after the crypto group united in help of four-year-old Mira Chen, who’s affected by a uncommon mind tumor. A Solana token, MIRA, created by a crypto dealer in her honor, noticed its market worth soar to over $80 million inside 5 hours of launch.

Mira is the youngest daughter of Runway CEO Siqi Chen. The widespread consideration and help from the crypto world got here after Siqi shared her journey on social media.

After the dramatic surge, the token has now corrected, dropping 75%.

Mira Value Bulls Looking out For A Rebound Place

The Mira worth chart on the 15-minute timeframe reveals a pronounced falling wedge sample. The higher and decrease trendlines converge as Mira worth motion narrows, which is indicative of lowering volatility.

Falling wedges are sometimes thought-about bullish reversal patterns, offered a breakout happens on the higher trendline. Nonetheless, the price of Mira stays trapped inside the wedge and exams the higher boundary, signaling an try and rebound.

In line with GeckoTerminal knowledge, the general pattern is bearish, following a pointy decline from a neighborhood excessive above $0.08 to the present degree of round $0.014. Decrease highs and decrease lows dominate the construction, reinforcing the downtrend.

The 50 Easy Shifting Common (SMA) is trending downward and at present sits above the worth at $0.019. This positioning confirms bearish momentum because the Mira worth struggles to reclaim the help of SMA. This SMA additionally acts as dynamic resistance, capping potential upward strikes.

In the meantime, the Relative Power Index (RSI) stands at 38.33, which is within the bearish zone. Nonetheless, it has not but entered oversold territory (under 30). This means there should be room for additional draw back motion, although the RSI is nearing a possible bounce zone the place consumers might step in.

Mira Value Prediction

If the Mira worth manages to interrupt out above the falling wedge’s higher trendline (round $0.015-$0.016), this might spark a bullish reversal. The goal for such a breakout can be the $0.019-$0.020 vary, aligning with the 50 SMA and the subsequent resistance degree.

Conversely, a bearish continuation pattern is probably going if the worth of Mira breaks under the decrease boundary of the wedge sample. This situation might push the MIRA worth to retest decrease help ranges round $0.012-$0.010.

Because the Mira worth plummets, traders are snapping up the brand new Solana meme coin Solaxy (SOLX). 99Bitcoins, a well-liked crypto channel on YouTube with over 719K subscribers, says it would soar 100X after launch.

Solaxy Presale Garners Over $6.1 Million In Much less Than 2 Weeks

Solaxy, the primary layer-2 resolution on Solana, has raised $6.1 million in simply 13 days since launching its presale. This speedy success displays the group’s perception in Solaxy’s potential to revolutionize blockchain know-how.

Solaxy is not only one other cryptocurrency challenge; it represents a groundbreaking method to fixing considered one of Solana’s most urgent points—community congestion. 

Hey everybody! 👋 I simply got here throughout an thrilling challenge that is set to revolutionize the Solana ecosystem: Solaxy. Let’s dive into what makes this Layer-2 resolution a game-changer. 🚀 @SOLAXYTOKEN pic.twitter.com/B1f506l5r4

— Sammie Rating (@Samuel__Martins) December 24, 2024

Solaxy addresses community congestion challenges head-on with its layer-2 know-how. Not like conventional layer-2 options that will divert assets from the bottom layer, Solaxy enhances Solana’s capabilities with out compromising its integrity.

Furthermore, Solaxy bridges Solana with Ethereum, combining the perfect options of each networks. 

By leveraging Ethereum’s liquidity and safety alongside Solana’s velocity and scalability, Solaxy creates a strong ecosystem tailor-made to accommodate the rising calls for of decentralized finance (DeFi) and meme coin buying and selling.

Consumers of the SOLX token also can earn passively on the platform, with a humongous 632% APY at present on supply.

Traders fascinated by taking part within the presale can go to the official Solaxy web site to purchase SOLX tokens at $0.001582 every utilizing BNB, ETH, USDT, or a financial institution card.

Purchase earlier than a worth hike in barely lower than 2 days to safe the perfect deal.

Buy SOLX here.

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