U.S. chip stocks are seeing another sharp selloff: Marvell Technology $MRVL contract price 153.08, down 10.86% in 24 hours, now close to the 24-hour low of 152.62, after surging to 175.82 intraday and then pulling back sharply.
What is noteworthy is that the decline is accompanied by prices approaching the intraday low, indicating that bearish forces are still dominant and there is no clear short-term sign of a bottom yet. The data is the MRVL-USDT perpetual contract price on OKX, for reference.
Next, watch the 152.62 level: if it holds, see whether it can stabilize and rebound at low levels; if it breaks, further downside space will open up. On the upside, first look to whether the 24-hour high of 175.82 can be recovered.
#美股 #volatility bulletin
What is noteworthy is that the decline is accompanied by prices approaching the intraday low, indicating that bearish forces are still dominant and there is no clear short-term sign of a bottom yet. The data is the MRVL-USDT perpetual contract price on OKX, for reference.
Next, watch the 152.62 level: if it holds, see whether it can stabilize and rebound at low levels; if it breaks, further downside space will open up. On the upside, first look to whether the 24-hour high of 175.82 can be recovered.
#美股 #volatility bulletin