Maverick Protocol (MAV) Trades Near Bottom Range; $0.05874 Resistance Limits Momentum

Maverick Protocol’s (MAV) price is currently trapped near the bottom of its trading range, with resistance at $0.05874 restricting further gains. Despite a 12.7% weekly decline, MAV maintains support above the critical level of $0.05465, indicating ongoing stability in the face of market volatility. The token’s recent performance shows gains against Bitcoin and Ethereum but a drop relative to the US dollar. Resistance levels at $0.05874 are hindering MAV from advancing, with additional targets at $0.08340 and higher. While technical indicators show resistance is preventing further price increases, traders believe that stability below the $0.05874 level presents an opportunity for a significant move in the near future. The recent market pressure has led to a narrow trading range for MAV as the broader crypto market exhibits heightened uncertainty.