Key Takeaways
- The MIR price closed the previous day’s trade at INR 19.64 with a market capitalization of INR 1,800,565,230 and a circulating supply of 77,742,679.93 MIR
- After a drastic fall, the MIR price is consolidating within a narrow range but eventually could range high in the upcoming days
Mirror Protocol Price Comparison Table
| Crypto-Asset | Start-Month Price (April) | Mid-Month Price (April) | End-Month Price (April) | % Change |
| Mirror Protocol (MIR) | INR 126.06 | INR 121.18 | INR 76.94 | -63.84% |
*As of 23-May-2022
Check latest prices, charts, and data of MIR/USDT
Mirror Protocol (MIR) Technical Analysis at a Glance
The start of the year 2022 was extremely bearish for the asset, as the price faced a 54% drop in the first month. However, the asset continued to rise by more than 100% in the next month and later consolidated for March. Since the beginning of April, the price ignited a step bearish trend which dragged the price from INR 138 to as low as below INR 20. Currently, the price is consolidating within a narrow range that may end up in a significant upswing soon.
| Short-Term (1hr) | The MIR price is ranging significantly high since the previous trading day and may continue for the next couple of days |
| Mid-Term (4hr) | The volume appears pretty less but dominated by buyers and hence could range high slowly yet steadily |
| Long-Term (D) | MIR price after a month-long bearish trend may flip the descending trend very soon and head towards the immediate resistance |
Additional Read: How to Prepare for a Crypto Market Crash
Technical Indicators & Pivot Levels
Technical Indicators
| Technical Indicators | Value(1D / 1M) | Action (1D / 1M) |
| Relative Strength Index(RSI) | 26.54 / 24.13 | Buy / Buy |
| MACD(12,26) | -0.255 / -0.611 | Buy / Sell |
| Average Directional Index(ADX) | 42 / 11.83 | Neutral / Neutral |
| Bull-Bear Power | -0.16 / -1.49 | Neutral / Neutal |
Pivot Levels
| Pivot Levels | Short-Term(D) | Mid-Term(W) | Long-term(M) |
| Moving Average(MA)-50 | INR 83.77 | INR 186.16 | NA |
| Moving Average(MA)-200 | INR 135.74 | NA | NA |
| Resistance | INR 91 | INR 168 | INR 283 |
| Support | INR 24 | INR 15.89 | NA |
Oscillators
| Oscillators | Short-Term | Mid-term | Long-Term |
| Stochastic Oscillator | 6.92 | 3.64 | NA |
| Ultimate Oscillator | 32.23 | 19.22 | NA |
| Average True Range(ATR) | 8.60 | 38.07 | NA |
| CCI | -54.12 | -190.15 | NA |
The Mirror Protocol price is currently appearing more or less stagnant, but in a short while from now may induce some volatility. Technicals are pretty bullish in the daily time frame and hence a brief upswing that has ignited in the past couple of days may prevail. The price could range high slowly yet steadily but eventually may face some turbulence later.
Mainly due to most of the indicators being uncertain in the weekly and monthly chart, the price could be placed in a decisive zone. Here a small upward move could halt the bearish trend while a descending move may drag the price towards the lower support.
MIR Price & Technical Analysis for May-July
Source: Tradingview
- The MIR price ever since was impacted by the May 2021 price crash, maintained its swing within the descending parallel channel until the press time
- The price consolidated for a while after a significant drop previously and hence a similar trend is expected to occur throughout the week
- However, to end the May’s trade, the price is expected to ignite a bullish divergence that may reach the upper resistance during the mid of June
- Here, if the price fails to break out from the channel, may face rejection and head towards the middle bands of the channel by mid-July.
- Conversely, if the price successfully slices through the descending parallel channel, then it may surge high towards INR 200 by the end of July
How to Invest in Mirror Protocol(MIR)
Investing with CoinDCX is safe, secure, and complaint. Just download the CoinDCX App on your smartphone and enter the required details. Once your documents are verified, then transfer funds to the wallet from your bank account and buy Mirror Protocol (MIR).
Investing in any of your favourite crypto-asset is extremely simple and safe with CoinDCX’s Crypto Investment Plan(CIP). here you can invest in easy weekly instalments with a fixed tenure. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
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