The Maverick Protocol/Bitcoin (MAVBTC) trading pair demonstrated a bearish trend on September 22, 2025, with prices fluctuating between 6.5e-07 and 5.4e-07. A notable 400-basis-point surge occurred between 22:30 and 23:00 ET, yet the overall market sentiment remained bearish.
Technical indicators highlighted the downward momentum, with the RSI staying below 50 for most of the day and Bollinger Bands showing contraction followed by sharp expansion. A significant volume spike overnight confirmed the bearish movement, particularly between 2:30 and 4:00 ET. The 15-minute chart revealed a bearish engulfing candle and potential continuation patterns, with key support levels at 6.1e-07 and 5.9e-07, and resistance at 6.3e-07.
The 20-period and 50-period moving averages on the 15-minute chart indicated a bearish crossover, while the daily chart showed the pair trading below both the 50-day and 200-day moving averages. MACD divergence and an RSI drop below 30 signaled oversold conditions, though no reversal was observed. Fibonacci retracement levels suggest a key support at 5.9e-07, with a potential target at 5.6e-07 if 5.8e-07 is breached.
Maverick Protocol/Bitcoin Pair Exhibits Bearish Trend Amid Market Volatility
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