#MAV
The MAV token is currently trading at around 0.0645 USD with a 24h trading volume of about 119 million USD. In recent days, MAV has shown a strong recovery movement, with an increase of +16.63% within 24 hours, although the price experienced a significant decline in the past week.
Important zones:
• Support area at around 0.057 to 0.060 USD
• Resistance in the range of 0.065 to 0.068 USD, which must be overcome for a continuation of the recovery
Market sentiment:
The sentiment is short-term optimistic due to governance updates and node validation improvements, but there is still regulatory uncertainty. The community is discussing the planned transition to a DAO-driven governance model, which presents both opportunities and risks.
Technical analysis:
Technical indicators currently show upward momentum, but with increased risk of short-term volatility. The MAV price is moving within a recovery phase after strong corrections over the year.
Outlook:
With sustained holding of the supports, MAV could slowly rise towards 0.07 USD and higher in the coming months. Volatility and regulatory reports remain crucial for short-term price development.
Conclusion:
MAV is currently in a critical recovery phase with short-term price potential, accompanied by regulatory uncertainty and governance transitions. Risk-aware traders may seek opportunities in the current volatility situation👇🏽