Market Overview for Maverick Protocol (MAVUSDT)

• MAVUSDT declined 5.3% over 24 hours, with key support at 0.0610–0.0615.
• Volatility spiked during the 04:00–06:00 ET sell-off, followed by a rebound post 07:00 ET.
• On-balance volume and momentum suggest bearish pressure but signs of short-covering at lower levels.
• A bullish engulfing pattern formed near 0.0610–0.0615, hinting at potential near-term reversal.
• RSI and MACD show bearish divergence, suggesting caution for further downside in the short term.

Maverick Protocol (MAVUSDT) opened at 0.06331 on 2025-08-25 at 12:00 ET and closed at 0.06145 at 12:00 ET on 2025-08-26. The 24-hour range was 0.0690–0.0580, with total volume of ~132.5 million and turnover of ~$8.9 million. Price action shows a bearish trend, with a strong sell-off in the early morning hours.

Structure & Formations

Price found resistance near 0.0665–0.0670 and support at 0.0610–0.0615. A bullish engulfing pattern formed during the 08:45–09:00 ET candle, suggesting short-term buying interest. A doji appeared near 0.0593–0.0595, signaling indecision among traders at the low. The 0.0644–0.0670 range may become a key pivot zone for near-term direction.

Moving Averages

On the 15-minute chart, price remains below the 20- and 50-period MAs, reinforcing the bearish bias. The 50-period MA at ~0.0624 has acted as a minor resistance during consolidation. On the daily chart, price continues below the 50/100/200-day MAs, consistent with a longer-term downtrend.

MACD & RSI

The MACD line crossed below the signal line near 0.0620, suggesting bearish momentum. The histogram showed a sell-off peak near 0.0610. RSI has oscillated between oversold (35–38) and neutral levels (40–45), failing to confirm a strong bearish bias but suggesting potential for a rebound. A divergence between RSI and price could indicate a near-term reversal.

Bollinger Bands

Volatility expanded during the 04:00–06:00 ET sell-off, with price dropping below the 2σ lower band near 0.0580. Bands have since narrowed during consolidation, indicating a potential for a breakout. Price remains within the 0.0580–0.0650 range, with the mid-band currently at ~0.0615.

Volume & Turnover

The highest volume (~22.5 million) occurred during the 06:30–06:45 ET rebound, coinciding with a sharp price move. Turnover spiked during the 06:30–07:00 ET period as price rebounded from 0.0608 to 0.0627. A divergence between volume and price during the 08:00–09:00 ET consolidation suggests waning bearish momentum.

Fibonacci Retracements

On a 15-minute basis, the 0.0624–0.0640 level corresponds to the 38.2% retracement, acting as a key support. The 61.8% retracement at ~0.0610 has held as a major support level for multiple hours. Daily Fibs suggest 0.0610 as a key psychological level, with 0.0585 as a possible next target if the trend continues.

Maverick Protocol may face a short-term rebound near 0.0610–0.0615 but remains in a bearish technical setup. Investors should watch for a potential break of this support, which could lead to a test of the 0.0585 level. As always, market conditions can change rapidly—especially in volatile crypto assets—so positions should be managed with strict risk controls.