Market Overview for Maverick Protocol/Bitcoin (MAVBTC)

• Price tested key support at 5.7e-07 before rebounding and forming a bullish recovery to 6.3e-07.
• Volatility surged after 20:00 ET with a 60% increase in notional turnover and large-volume candles.
• RSI showed overbought conditions at 75 toward the close, indicating potential short-term exhaustion.
• Bollinger Bands expanded significantly, aligning with increased bullish momentum and price recentering.

Maverick Protocol/Bitcoin (MAVBTC) opened at 5.9e-07 on 2025-09-16 at 12:00 ET and closed at 6.3e-07 at 12:00 ET on 2025-09-17. The pair reached a high of 6.3e-07 and a low of 5.7e-07 during the period. Total volume was 418,793.0, and notional turnover was approximately $25.16 at an average price of ~6e-07.

Structure & Formations

The 24-hour chart displayed a clear V-bottom pattern from 19:00 to 21:00 ET on 2025-09-16, with price breaking above a descending wedge. Key support levels were identified at 5.7e-07 and 5.8e-07, both of which were tested twice. A bullish engulfing pattern was observed at 20:00 ET on 2025-09-16, signaling a potential reversal. Later, a high-wave candle at 15:45 ET on 2025-09-17 confirmed the strength of the upward move toward 6.3e-07.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA early in the session, forming a bullish crossover. This trend continued as the price closed above both averages. On the daily timeframe, the 50-period MA approached the 100-period MA, suggesting a possible trend continuation into the next 24 hours if the 6.1e-07 level holds.

MACD & RSI

The MACD histogram showed a clear positive divergence from 19:00 to 21:00 ET on 2025-09-16, indicating a strengthening bullish momentum. RSI hit 75 at 15:00 ET on 2025-09-17, signaling overbought conditions and a possible pullback. The indicator returned to neutral levels by the close, suggesting a consolidation phase may be ahead.

Bollinger Bands

Bollinger Bands widened after the 20:00 ET reversal on 2025-09-16, indicating rising volatility. Price remained above the 20-period MA and recentered within the bands toward the close, suggesting the market may seek a retest of the 6.1e-07 resistance before a potential push for 6.4e-07.

Volume & Turnover

Volume spiked to 305,325.0 at 13:15 ET on 2025-09-17, confirming strong buying pressure as the price surged to 6.1e-07. Notional turnover followed the same pattern, with a bullish confirmation seen between 20:00 and 22:00 ET on 2025-09-16. No major divergence between price and turnover was observed, suggesting the move is broadly supported.

Fibonacci Retracements

The 61.8% Fibonacci level of the 5.7e-07 to 6.3e-07 move was at 6.06e-07, which acted as a dynamic support. Price held above this level, and the 78.6% retracement at 6.17e-07 is now a critical near-term resistance. On the daily chart, the 38.2% level of the larger swing from 5.7e-07 to 6.3e-07 is at 6.02e-07, and it may offer a final test before the 6.3e-07 level.

Backtest Hypothesis

A potential backtest strategy could leverage the bullish engulfing pattern observed on 2025-09-16 at 20:00 ET, with a stop loss placed below the 5.7e-07 support and a take profit at the 6.1e-07 Fibonacci level. The RSI overbought signal and MACD divergence suggest a short-term profit-taking opportunity around 6.3e-07 before a possible pullback. This approach aligns with the volume and pattern confirmation, making it suitable for swing traders seeking a 24–48 hour trade.