๐ $MAV / USDT โ Daily Chart Analysis
๐ Current Price: $0.05747 (+35.5% Daily)
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๐ง Market Structure Insight
Maverick Protocol ($MAV) has broken above the 99-day moving average (MA99) โ a major signal suggesting a potential long-term trend reversal.
Price is currently trading within a critical confluence zone:
โข MA7: $0.04742
โข MA25: $0.05368
โข MA99: $0.06179
Holding and closing above this cluster would validate the breakout strength.
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๐ Chart Patterns Developing
โ Double Bottom Formation โ mid-term reversal signal
โ Descending Wedge Breakout โ confirmed breakout with volume
๐ Key Level: Daily close above $0.065 would break the macro downtrend
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๐ฏ Bullish Price Targets
โข TP1: $0.065 โ Major short-term resistance (rejection zone)
โข TP2: $0.078 โ Previous high + strong supply area
โข TP3: $0.100 โ Psychological round-number resistance & liquidity cluster
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๐ก๏ธ Support Levels to Watch
โข $0.050 โ MA25 support & local structure
โข $0.045 โ Prior breakout level
โข $0.038 โ Swing low (major invalidation zone)
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๐ Indicator Snapshot
โข Volume: Spiking strongly โ real buyer interest confirmed
โข RSI: Approaching overbought, but still healthy with volume support
โข MA Crossovers: Brewing bullish crossover (MA7 vs MA25) โ momentum favoring bulls
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๐งฉ Conclusion
$MAV is showing real signs of life after an extended downtrend. A daily candle close above $0.06179 would confirm a trend reversal.
However, failure to hold above $0.045 could expose a bull trap โ manage risk accordingly.
โ Bullish Case: Break and close > $0.065 = trend shift confirmed
โ ๏ธ Bearish Risk: Loss of $0.045 = fakeout scenario in play
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