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Terra’s Mirror Protocol shows first signs of bottoming after price gains 30% in 48 hours -Breaking

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Mirror Protocol, which is decentralized finance protocol (DeFi), built on the blockchain, saw the most gains in the last 48-hours. The native token MIR rallied more than 30% and reached $1.48. That’s its highest level since January 22.

Chart of the MIR/USD price at four hours. Source: TradingView

The price of MIR rose even though there were no concrete fundamentals. It is quite common in crypto assets.

Four-hour MIR/USD price chart with OBV Source: TradingView, IncomeSharks
The MIR/USD daily chart shows a ‘double-bottom’ configuration. TradingView