---$MAVIA
MAVIA/USDT 1D Chart Analysis
Overview:
The price of MAVIA/USDT is currently at 1.6062, marking a significant +20.89% increase.
The 24h high and low are 1.6123 and 1.2733, respectively.
There is clear price action moving from a lower support level at 1.01 to the current value, indicating a potential breakout.
Key Levels:
1. Support Level: 1.01 USDT
Price recently bounced from this support zone, making it a crucial floor.
2. Resistance Zone: 1.6 - 5 USDT
The price is currently at the lower bound of a major resistance zone, which has previously rejected upward movements.
Pattern Breakdown:
A descending trendline shows the price has been following a bearish trajectory until a recent breakout.
If the breakout sustains, MAVIA/USDT could push further into the resistance zone and potentially test higher levels.
Trade Idea:
Long Entry: A confirmed breakout above 1.6062 could open a potential long position.
Target 1: 2.0 USDT
Target 2: 2.5 USDT
Stop-loss: Set below 1.50 USDT to protect against downside risks.
Conclusion:
The current price action suggests that MAVIA/USDT is in a pivotal zone.
A successful close above resistance may fuel bullish momentum, while a rejection could see the price retest support at 1.01.
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