Mirror Protocol (MIR) Technical Analysis: MIR Aims at INR 500 by End of April 2022

KEY TAKEAWAYS

• The MIR price closed the previous day’s trade at INR 148.03 with a market capitalization of INR 14.74 Cr and a circulating supply of 7,77,42,679.93 MIR
• The asset is currently attempting hard to rebound from huge losses ignited during the previous day’s trade
• Mirror protocol with a flip aims to undergo a 20% upswing to hit the previous day’s highs at around INR 170.

MIR/INR TECHNICAL-ANALYSIS FOR SHORT-TERM

Source: Tradingview

• The MIR price received enough boost during the past couple of days which enabled the price to range high by more than 35%
• No doubt the asset has dropped more than 20% but quickly ignited a flip and hence attempting to seal a strong uptrend by rebounding from the 0 FIB levels
• Continuing with the uptrend, the asset may initially aim at 23.6% FIB levels close to INR 145 and further at 36.3% FIB levels at INR 150
• Sustaining above these levels may pave way for the asset to climb towards the previous day’s highs around INR 170 and continue to test INR 200 very soon

Additional Read: What is Mirror Protocol?

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