$MIRA Smart funding downtrend: The selling ratio among whales reached 0.53 with a profit rate of 77%, indicating strong institutional conviction towards the downtrend.
Technical resistance: The price remained below all major Asian moving averages at $0.089, with a negative MACD and a relative strength index near 40, confirming weak momentum.
Capital outflows: The net outflows from large positions totaled -3,414 USDT, indicating distribution despite the slight daily increase.
Downside risks: Critical support at 0.0887 dollars is facing a test; breaking below 0.085 dollars will be considered a target as long as buying positions remain under water.
Bearish consolidation patterns
Price movement: The price of MIRA is trading at 0.089 dollars, up 11.5% daily but down 15.8% weekly, holding below all major Asian moving averages with immediate support at 0.0887 dollars.
Technical signals: The Relative Strength Index hovers near 40 while the MACD chart remains negative, confirming a downward momentum despite recovery attempts during the day.
Size and flows: The net outflows totaled -161 USDT, with increased selling from large positions reaching -3,414 USDT, indicating distribution pressures.
Whale positioning has shifted downward
Selling dominance: The buy-to-sell ratio collapsed to 0.53 as the number of selling whales increased to 108 positions, dominating a nominal value of 12.4 million dollars against the buying positions.
Profit disparity: 77% of selling whales are currently making profits compared to only 15% of buying whales, who are still stuck with average entry prices close to 0.106 dollars.
Momentum shift: The number of selling traders rose by 7.7% over five hours while the number of buying whales fell by 31%, indicating aggressive risk-reduction and distribution of coins.#Mira $MIRA
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