MAV USDT Maverick Protocol Technical Analysis

Photo of author

By Frans van Elst

Maverick Protocol logo In this Maverick Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for MAV-USDT. Maverick Protocol (MAV) is a decentralized finance (DeFi) platform that enables users to access a wide range of financial services, such as lending, borrowing, and trading, all within a secure and transparent ecosystem. MAV’s novel consensus algorithm ensures fast and efficient transactions, while its innovative governance model allows for community-driven decision-making. With MAV, users can enjoy the benefits of DeFi without the need for intermediaries, providing greater autonomy and control over their financial assets.

Maverick Protocol Price Overview:

As of July 08, 2024, Maverick Protocol is trading at approximately 0.2023 USDT. Let’s dive into the detailed price action for MAV-USDT:

Consider bearish sentiment in Maverick Protocol (MAVUSDT) at 2.02e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

Metric Value
Open (O) 0.1931
High (H) 0.21
Low (L) 0.1828
Close (C) 0.2023
Volume (C) 18,050,073.00
  • Open (O): The opening price for today’s trading session was approximately 0.1931 USDT.
  • High (H): Maverick Protocol reached a daily high of around 0.21 USDT.
  • Low (L): The daily low for MAV-USDT was approximately 0.1828 USDT.
  • Close (C): At the time of analysis, Maverick Protocol is trading near its daily close of 0.2023 USDT.
Metric Value
1D Change (%) 4.82%
3D Change (%) 7.49%
7D Change (%) -21.50%
30D Change (%) -51.38%
90D Change (%) -67.26%
YTD Change (%) -47.79%

Over the past three days, MAVUSDT has risen by approximately 7.49%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -21.50%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MAVUSDT maintaining a downward trend of approximately -51.38%, despite intermittent fluctuations. Examining the last 90 days, MAVUSDT has witnessed substantial fall of approximately -67.26%, reflecting strong long-term confidence. Year-to-date, MAVUSDT has steadily decreased by around -47.79%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Maverick Protocol Live Chart:

You can access a live price chart for MAV-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.85351.
  • Momentum score is -0.40006.

MAV USDT Technical Analysis

Maverick Protocol Trading Volume:

The trading volume for Maverick Protocol (MAV) over the past 24 hours has been significant, with approximately 18,050,073.00 USDT traded against MAV. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): MAV is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Maverick Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for MAV-USDT is currently in the low zone, around 34.43075. This suggests that Maverick Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Maverick Protocol (MAV-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Consider bearish sentiment in Maverick Protocol (MAVUSDT) at 2.02e-01 USDT with technical analysis, showcasing weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on MAV BTC Maverick Protocol Technical Analysis if you found this post intriguing.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

You have not selected any currencies to display