Maverick Protocol (MAV) attracted attention with an increase of almost 20% in the last 24 hours. The crypto market remains active even after the approval of the Spot Bitcoin ETF.
The cryptocurrency, which fell after the approval, recovered about a week later. While the major cryptocurrency Bitcoin (BTC) is slowing down, the bullish scenario for altcoins continues.
The almost 100% rise in Xai games (XAI) has increased interest in low-market cap cryptocurrencies. The Maverick Protocol is at the forefront of today’s research into cryptocurrencies with increasing potential. Maverick Protocol’s native token, MAV, is up nearly 20% in the last 24 hours.
Maverick Protocol (MAV) is on the Rise
Maverick Protocol (MAV) dropped to $0.44 on January 15 but rose to $0.56 during the day. MAV is viewed by investors as an emerging cryptocurrency with a low market cap.
The Maverick protocol gained popularity as an AMM (Auto Market Maker) designed to provide the most liquid market for DAOs and developers. Maverick Protocol aims to meet the liquidity needs of the cryptocurrency ecosystem and has managed to attract attention due to the infrastructure it provides.
Maverick Protocol failed to meet the expectations of its native token, MAV, due to the services it provided. MAV ranks 294th in the market capitalization rankings. Additionally, MAV is one of the cheapest cryptocurrencies with a market value of $140 million.
MAV, which has not yet achieved the breakthrough that investors expected, attracted attention by becoming active during the day. MAV caused a surprise by increasing 20% in the last 24 hours.
MAV broke the $0.5547 resistance level, leading to a significant breakout. As a result of this breakout, MAV approached the key $0.60 resistance level. If MAV can climb above $0.5547 and break the $0.60 resistance, the bulls’ appetite may increase. This popular cryptocurrency has a structure that allowed it to surpass the $0.60 resistance level. This breakout could enable MAV to reach the $0.70 target.
Meanwhile, MAV will gain momentum as it declines from support to $0.5547. If this support point fails, MAV could move back towards the $0.4750 support area. The median support point for MAV lies in the $0.4375 region, while the main support point could be $0.39.
