$MRVL
#MRVLUSDT is trying to recover after that heavy selloff.
Price bounced well from the lower zone and is now pushing back into the 245–260 resistance area, which is the first level that really matters here.
The nearest support sits around 235–240. If that fails, the next zones to watch are 220 and then 200.
The structure looks like a recovery base for now, and it could be shaping into an inverse head-and-shoulders type setup.
Traders should watch whether price can hold above support and turn 250–260 into a breakout level, because rejection there could still send it back into the 220 zone.
On the upside, a clean break above 250–260 could open room toward 280 and possibly 300 if momentum stays strong.
#MRVLUSDT is trying to recover after that heavy selloff.
Price bounced well from the lower zone and is now pushing back into the 245–260 resistance area, which is the first level that really matters here.
The nearest support sits around 235–240. If that fails, the next zones to watch are 220 and then 200.
The structure looks like a recovery base for now, and it could be shaping into an inverse head-and-shoulders type setup.
Traders should watch whether price can hold above support and turn 250–260 into a breakout level, because rejection there could still send it back into the 220 zone.
On the upside, a clean break above 250–260 could open room toward 280 and possibly 300 if momentum stays strong.