Market Overview for Maverick Protocol/Bitcoin (MAVBTC) on 2025-09-22

• Price action on MAVBTC showed bearish bias with a 6.5e-07 to 5.4e-07 range.
• Volatility spiked during 22:30–23:00 ET as price surged 400 basis points.
• RSI remained below 50 for most of the day, suggesting sustained bearish momentum.
• Bollinger Band contraction occurred during early hours, followed by a sharp expansion.
• High volume concentrated in mid- to late-night sessions, with turnover confirming bearish price moves.

The MAVBTC pair opened at 6.2e-07 on 2025-09-21 at 12:00 ET and closed at 5.9e-07 on 2025-09-22 at 12:00 ET, with an intra-day high of 6.6e-07 and a low of 5.4e-07. Total volume for the 24-hour period was 1,424,502.0 units, while notional turnover came in at 562,799.8 (amount × price). Price action remained bearish for most of the session, with key support zones forming around 6.1e-07 and 5.9e-07.

Structure & Formations

Price action on the 15-minute chart displayed a strong bearish bias after the 22:30 ET surge, with a sharp move from 6.3e-07 to 5.7e-07 within a three-hour window. Notable patterns included a bearish engulfing candle at 22:30 ET and a potential bearish continuation pattern near 6.1e-07. Support levels appear to be forming at 6.1e-07 and 5.9e-07, while resistance remains at 6.3e-07. A potential breakdown near 5.8e-07 could open the door to further downside.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover, with price closing below both. On the daily chart, the 50-day moving average sits at approximately 6.2e-07, and the 200-day average is near 6.4e-07. This suggests that the pair is currently in bearish territory relative to both short- and long-term averages.

MACD & RSI

MACD was in a bearish divergence, with the line dropping below the signal line during the overnight session, suggesting weakening bullish momentum. RSI remained below 50 for most of the day, indicating bearish pressure. A reading below 30 during the early morning hours pointed to potential oversold conditions, but price failed to reverse meaningfully, suggesting continued bearish sentiment.

Bollinger Bands

Volatility showed significant expansion after a period of contraction in the early morning hours. At 00:45 ET, a breakout candle closed near 6.3e-07, breaking the upper band, followed by a sharp reversal and a move back into the bands by 02:30 ET. The bands currently sit between 6.1e-07 and 6.3e-07, with price near the lower boundary, suggesting potential for a bounce or further bearish movement.

Volume & Turnover

Volume spiked during the overnight and early morning session, particularly between 02:30 ET and 04:00 ET, with large turnover confirming the bearish price action. In contrast, volume remained muted during the late morning and afternoon, with no significant price movement. A divergence between price and volume was observed around 06:30–08:00 ET, where volume dipped despite a slight price rebound, suggesting a weak recovery.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 5.4e-07 (low) to 6.6e-07 (high), 61.8% retracement is at 5.9e-07, where price has recently found support. The 38.2% level is at approximately 6.1e-07, where the market appears to be forming a consolidation area. A breakdown below 5.8e-07 could target the next Fibonacci level at 5.6e-07.

Backtest Hypothesis

A potential backtest strategy for MAVBTC could involve entering short positions upon a close below the 20-period moving average and exiting when price closes above the 50-period line. Stop-loss placement could be set at 50 pips above the entry point, with a target of 200 pips. This strategy aligns with the bearish momentum observed in the RSI and MACD, and the strong support levels identified. The high volume during the overnight session could be used as a trigger for entry, particularly if it precedes a bearish reversal pattern such as a bearish engulfing candle.