Market Overview: Maverick Protocol (MAVUSDT) 24-Hour Technical Summary

• Maverick Protocol (MAVUSDT) rallied to a 24-hour high of $0.06585 before consolidating near $0.06446 amid strong volume.
• Price formed a bullish breakout above a key resistance at $0.0625, supported by expanding Bollinger Bands and rising momentum.
• RSI hit overbought territory near 75, while MACD showed bullish divergence, suggesting continuation or exhaustion may follow.
• Volume surged in the final 6 hours, but turnover failed to confirm a full breakout, signaling potential short-term consolidation.
• Fibonacci retracement levels at $0.0618 and $0.0592 could act as pivot zones for near-term price direction.

Maverick Protocol (MAVUSDT) opened at $0.0579 on 2025-08-24 at 12:00 ET and surged to a high of $0.06585 before closing at $0.06446 on 2025-08-25 at 12:00 ET. Total 24-hour trading volume reached 100.89 million MAV, with a turnover of $67.13 million (based on volume-weighted average pricing).

Structure & Formations

Price action over the past 24 hours revealed a textbook bullish continuation pattern. A strong rally from $0.0579 to $0.06585 was driven by a series of higher highs and higher lows, forming an ascending channel. Key resistance was breached at $0.0625, confirmed by a 15-minute engulfing pattern on 2025-08-25 at 09:30. A strong doji formed at $0.06417, indicating indecision but not rejection of the trend. Immediate support appears at $0.0618 (38.2% retracement of the recent leg up), with a deeper pivot at $0.0592 (61.8%).

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period SMAs, suggesting momentum remains firmly on the long side. The daily chart shows price above both the 50-period and 200-period SMAs, reinforcing the broader bullish bias. A potential pullback could see a test of the 100-day SMA at $0.0598, though this appears more of a psychological level than a hard floor.

MACD & RSI

The MACD (12,26,9) turned bullish at 09:30 ET and remained positive for the remainder of the day, suggesting strong short-term momentum. The RSI (14) climbed into overbought territory (75+) at the close, indicating exhaustion may be near. However, a bullish divergence was observed between price and RSI during the consolidation phase at $0.06105–0.06202, suggesting further upside could be confirmed.

Bollinger Bands

Volatility expanded sharply during the rally, with price rising above the upper band at $0.0628 and breaking to $0.06585. This suggests a strong move driven by buying pressure. The bands have since begun to contract, suggesting a potential pause in momentum. A close below the lower band at $0.06011 would invalidate the current bullish narrative and open the door to a deeper correction.

Volume & Turnover

Volume spiked during the final 6 hours, with the last three 15-minute candles seeing average volume of 3.4 million MAV. However, notional turnover failed to confirm a full breakout, with turnover peaking at $2.1 million during the 15:45–16:00 ET period. This divergence suggests some caution is warranted. A sustained rally would need to see higher volume and turnover to confirm institutional follow-through.

Fibonacci Retracements

On the 15-minute chart, the 38.2% retracement level at $0.0618 and the 61.8% level at $0.0592 appear to be the key near-term pivots. These levels could see heavy interest if a pullback develops. On the daily chart, a 38.2% retracement of the larger move from $0.0579 to $0.06585 is at $0.06105, aligning with recent support.

Maverick Protocol may continue to test higher resistance levels in the near term, with $0.0675 as the next key target if buyers step in above $0.06446. However, a pullback to $0.0618 could see renewed buying interest. Investors should remain cautious of overbought RSI and divergent volume patterns, which may signal a near-term correction.