(MAV/USDT),
key metrics such as:
Mark Price: $0.28951
24h High: $0.30569
24h Low: $0.25300
24h Volume (MAV): 122.01M
24h Volume (USDT): 35.34M
Price Change: -1.05%
Technical
Trend
The price action seems to reflect a short-term downward movement (-1.05%). However, the broader trend depends on the timeframe, which appears to span multiple months (e.g., July 2024–May 2025).
Pattern
Range-bound movement: The chart suggests prices oscillating between a defined range ($0.25300–$0.30569) in the short term.
Potential breakout: The narrowing range could precede a significant breakout as buyers and sellers converge near critical levels.
Accumulation Zone
The lowest price, $0.11496, indicates a prior accumulation phase where buyers dominated, potentially creating a strong support level. Current trading volumes (122.01M MAV) suggest sustained activity, possibly reflecting further accumulation.
Key Insights
1. Resistance Zone: $0.30569 (24h High) is a key resistance. A breakout above this level could signal bullish momentum.
2. Support Zone: $0.25300 is critical support; a breach below might lead to a bearish continuation.
3. Volume Analysis: Higher USDT volume ($35.34M) relative to price movement shows active trading, potentially aligning with institutional participation or speculative activity.
4. Volatility: Significant price fluctuations (13.92% in 24h) indicate high volatility, suitable for short-term traders.