Mirror Protocol (MIR) Remains Stable Despite Global Uncertainty

• Crypto prices dropped in the final week of the year as concerns of a global recession and high interest rates were felt.
• Mirror Protocol (MIR) was one of the best-performing coins, spiking to a high of $0.24, which was over 173% higher than its lowest point this year.
• The Relative Strength Index (RSI) has moved to the neutral point at 50, suggesting that the MIR price will remain under pressure as sellers target the key support at $0.1225.

Cryptocurrency prices experienced a major drop in the final week of the year as global economic uncertainty and high interest rates weighed on the markets. Bitcoin dropped to a low of $16,485, with other coins such as XRP, ETH, and ADA experiencing similar declines. Among the cryptocurrencies that managed to remain relatively stable was Mirror Protocol (MIR), which experienced a 173% jump from its lowest point this year to a high of $0.24.

Mirror Protocol was part of the Terra Protocol ecosystem, which enabled users to buy and sell financial assets in a tokenized form. It was possible to buy Apple shares, for example, in token form and trade them on a 24-hour basis. Unfortunately, the collapse of Terra Protocol and the Terra USD stablecoin led to Mirror becoming obsolete. Despite this, the coin has managed to remain stable, with its price moving above both the 25-day and 50-day moving averages.

The Relative Strength Index (RSI) has also moved to the neutral point at 50. This suggests that the MIR price will remain under pressure as sellers target the key support at $0.1225. Unfortunately, MIR is yet to be listed on major exchanges, making it difficult for traders to take advantage of its potential.

Overall, the cryptocurrency markets have been volatile in the last week of the year as economic uncertainty and high interest rates continue to weigh on the markets. Mirror Protocol, however, has managed to remain relatively stable, with its price above the 25-day and 50-day moving averages. The RSI is at the neutral point at 50, suggesting that MIR price could remain under pressure as sellers target the key support at $0.1225.