- In 24 hours, MAV rose by 12.5% to $0.04518, which was backed by a rise in trading and strong participation in the market.
- The level of $0.03935 remains as the vital base of support and restricts the movement of the price to the downside following the recent price decreases.
- MAV has currently reached a resistance at $0.04524, beyond which further action might prove critical to defining the overall short-term price trend.
Maverick Protocol (MAV) witnessed sharp appreciation in the last session with its price appreciating 12.5% in the past 24 hours to $0.04518. The move followed a couple of days of consolidating near lower levels. MAV is now trading close to a key resistance level of $0.04524, reflecting higher activity in MAV/USDT on Binance. Volume for trading stood at 118.80 million MAV, with the day’s range fluctuating between $0.03911 and $0.04489, indicating increased participation as the prices settled near the short-term upper boundary.
Market has a strong support base of $0.03935, which has been tested severally and on an intraday basis. This zone has been fortified against by the buyers and the pressure on the downside has been curtailed following the steep drop experienced previously.
This solid foundation has served MAV to continue its improving trend, giving the firm a base on which new improvements can be projected. Interestingly, the trading statistics indicate that this area is accumulated with an indication of constant order activity at the same level. The solid base now becomes one of the key reference points to traders to keep track of intraday volatility.
Resistance Near $0.04524 Defines the Next Barrier
While short-term momentum remains positive, MAV faces a tight resistance cap at $0.04524, which has contained several upward attempts. The price briefly touched this threshold before easing slightly lower. However, consistent re-tests of the resistance zone highlight persistent demand and limited selling pressure. The narrow gap between the current price and this resistance suggests a potential range-bound setup in the near term. Market participants continue observing this threshold closely as a possible pivot for directional confirmation.
Market Context and Short-Term Structure
Meanwhile, MAV is trading at 0.063932 BTC and 0.00001088 ETH with respective gains of 9.3 and 3.5 percent compared to the two leading cryptocurrencies. The performance gives an indication that it has been able to remain in line with the overall market strength in this cycle. The asset’s short-term structure remains supported by higher lows and active trading volumes. As price compression narrows between the $0.03935 support and $0.04524 resistance, upcoming sessions could define the next directional phase for MAV’s ongoing consolidation.
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