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The recent movement of the Base chain AI verification layer project MIRA truly tests one's mentality. On TGE day, it surged to $2.35, and now it is consolidating around $0.14, with a 94% decline leaving many retail investors a bit confused.
From a technical perspective, MIRA has been consolidating for some time after reaching its high point, with repeated battles around the $0.14 level. The problem is that many had positioned around $0.27, and as it approaches the $0.137 floor price, the psychological defense line is indeed prone to collapse.
The two options currently in front of us are: one, believing this is a good entry point for long-term positioning; and two, thinking the bottom hasn't been reached yet and continuing to observe. From the market trend, small investors are having a tough time—rebound after a sharp decline is often weak, but doing nothing risks missing out. The key now is to watch the actual application progress of MIRA within the Base ecosystem, rather than just price fluctuations.
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Repeatedly tugging around the floor price. Honestly, I can't quite see what the subsequent funds are doing.
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Instead of watching the market every day, it's better to pay more attention to the ecosystem development on Base. That’s the real support point for MIRA.
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Small investors really find it tough in this kind of market; neither can they enter nor can they exit.
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If the 0.14 level can't hold, the next move might be quite ugly.
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Don't just look at price swings; you need to see what practical applications MIRA can actually implement.
Wait, can 0.14 still be contested repeatedly? Why does it feel like there's no buying pressure?
By the way, the real test is whether there are genuine applications within the Base ecosystem; otherwise, it's just pure speculation.