DAILY TOKEN TECHNICAL ANALYSIS MAVIA Recent Bullish Sentiment Increases
$MAVIA
MAVIA/USDT One-Day Chart Analysis
Overview:
MAVIA/USDT price is currently trading at 1.616, up sharply by +21.56%.
The 24-hour high and low are 1.639 and 1.2733 respectively.
The price action has clearly moved from the lower support level of 1.01 to the current value, indicating a possible breakout.
Key Levels:
Support Area: 1.01 USDT
The price has recently bounced off this support area, making it a key floor.
Resistance Area: 1.6 – 3.3 USDT
The price is currently trading at the lower limit of a major resistance area, which has previously rejected upward movement.
Trend Line Break:
The falling trend line indicates that the price has been following a bearish trajectory until the recent breakout.
If the breakout continues, MAVIA/USDT could push further into the resistance area and potentially test higher levels.
Trading idea:
Long entry: Confirmation of a breakout above 1.616 could open a potential long position.
Target 1: 1.86 USDT
Target 2: 2.28 USDT
Stop loss: Set below 1.50 USDT to protect against downside risk.
Conclusion:
The current price action suggests that MAVIA/USDT is in a critical area.
A successful close above resistance could boost bullish momentum, while a close below resistance could see the price retest support at 1.01.