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Mavryk Network/Tether

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MvrkGATEIO:MVRKUSDT ๐Ÿ”น Support and Resistance Levels๐Ÿ”น ๐Ÿ”น Resistance (R1) $0.0891 Main horizontal resistance โ€” previous rejection zone where price failed to break through multiple times. ๐Ÿ”น Mid-term Target / Minor Resistance $0.1024 Next target if $0.0891 breaks โ€” aligns with prior consolidation top. ๐Ÿ”น Support (S1) $0.0730 Strong horizontal support โ€” multiple bounces and wick rejections from this zone. ๐Ÿ”น Deeper Support (S2) $0.0660โ€“0.0680 If $0.0730 fails, this is the next liquidity pocket from previous accumulation.๐Ÿ”น Disclaimer : Not Financial Advice
GATE:MVRKUSDT
by Wolftrader1337
Mvrk / UsdtGATEIO:MVRKUSDT ### ๐Ÿ“Š **Chart Analysis** * Price is moving **sideways** under a **descending trendline (red line)** โ†’ showing compression before a potential breakout. * Thereโ€™s a **strong support zone** around **0.061โ€“0.066 USDT** (red shaded area). * A **break above** the descending trendline (~0.073โ€“0.075 zone) could trigger an upside move toward **0.092โ€“0.095 USDT** (first major resistance). --- ### ๐Ÿš€ **Possible Scenarios** 1. **Bullish:** If price **breaks and retests** above 0.073โ€“0.075 โ†’ potential rally toward 0.09+. 2. **Bearish:** If it **fails** and drops under 0.066 โ†’ could retest 0.061 zone before next bounce. --- ### โš–๏ธ **In short (not financial advice):** MVRK looks like itโ€™s **coiling for a breakout** โ€” structure favors upside **if** it breaks the trendline cleanly. However, losing the **0.066โ€“0.061 support** would be a warning sign for short-term downside.
GATE:MVRKUSDT
by Wolftrader1337
Mvrk/usdtGATEIO:MVRKUSDT ### **Support (Demand) Zones** * **0.0737 โ€“ 0.0740** โ†’ First strong support (red circle + dotted line). * **0.0660 โ€“ 0.0661** โ†’ Secondary support (red dotted line). * **0.0581 โ€“ 0.0600** โ†’ Major demand zone (blue box at bottom). ### **Resistance (Supply) Zones** * **0.0890 โ€“ 0.0923** โ†’ Nearest supply zone (red dotted lines, multiple rejections). * **0.1040 โ€“ 0.1050** โ†’ Stronger resistance (black dashed line). ๐Ÿ“Œ Quick view: * Bulls must defend **0.073โ€“0.074** to keep structure intact. * Breaking **0.089โ€“0.092** could trigger a push toward **0.105**. Disclaimer : Not Financial Advice
GATE:MVRKUSDT
by Wolftrader1337