Market Overview for Maverick Protocol/Bitcoin (MAVBTC) – October 11, 2025

• MAVBTC traded in a narrow range near 4e-07 for most of the day before a sharp intraday drop and partial recovery.
• A key low of 1.1e-07 was briefly tested but rejected, suggesting short-term support.
• Volatility expanded midday before stabilizing into consolidation near 3.2e-07 at close.
• Volume surged around 21:30–22:00 ET as price declined, indicating increased bearish pressure.
• RSI entered oversold territory multiple times, hinting at potential for a rebound, though momentum has weakened.

Maverick Protocol/Bitcoin (MAVBTC) opened at 4e-07 on October 10, 12:00 ET, reached a high of 4e-07, and a low of 1.1e-07, before closing at 3.2e-07 on October 11, 12:00 ET. Total volume for the 24-hour period was 1,673,173.0, and notional turnover was 435.69. Price action revealed a bearish bias with a large bearish candle midday, followed by choppy consolidation.

The price structure showed a key support near 2.9e-07–3.0e-07, tested multiple times and holding as a psychological floor. Resistance appeared at 3.2e-07, where price stalled on several occasions. Notable patterns included a bearish engulfing candle around 21:30 ET and a long lower shadow near the session’s low, indicating potential rejection at lower levels. A bullish pin bar near the close suggested possible short-covering or buying interest.

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover around 21:30 ET, reinforcing the downward bias. The 50-period line remained above the 100-period and 200-period lines on the daily chart, indicating a longer-term bearish trend. The MACD line crossed below the signal line midday, confirming bearish momentum, while the RSI moved into oversold territory multiple times, hinting at potential rebounds, though with limited conviction. A bullish divergence appeared near the close, where price hit a low but RSI did not, suggesting caution for further downside.

Bollinger Bands expanded significantly around 21:30 ET as volatility surged and then narrowed into a tight consolidation phase near 3.2e-07, indicating potential for a breakout. Price remained near the lower band for extended periods, consistent with bearish pressure. A 61.8% Fibonacci retracement level from the intraday high to low sat near 3.0e-07, coinciding with support that held during the consolidation phase.