šØ Update Market Surrounding Maverick Protocol ($MAV )
Today, $MAV successfully recorded a significant price spike reaching a daily high of $0.0742, before correcting and currently trading around $0.0621. This increase represents a daily spike of more than +33%, accompanied by a sharp trading volume reaching 407 million MAV in the last 24 hours.
This price surge occurred after MAV formed a reversal from the local low at $0.04208, showing quite aggressive accumulation strength over the last two days. Looking at the moving average (MA) indicators, the current price has successfully broken out of MA(7), MA(25), and MA(99), which previously served as dynamic resistance areas.
High trading volume also confirms the strength of the current trend and opens the potential for trend sustainability if there is no massive distribution in the near future.
Technically, the area of $0.0640ā$0.0740 becomes a supply zone that needs attention. If MAV can maintain above $0.06 in the coming candles, there is a possibility that a medium-term bullish structure may begin to form again.
However, it is important to remember: such a high rally in a short time is very prone to correction, especially if there is selling pressure from short-term investor profit-taking. Additionally, the risk of correction is also relatively high, especially if volume decreases in the next 12ā24 hours.
š Price change data:
Today: +14.10%
7 days: +18.73%
30 days: +43.63%
90 days: +2.02%
180 days: -51.38%
1 year: -71.26%
š Disclaimer: Not Promotion & Not Financial Advice
