MVLL PLUNGES THROUGH KEY ORDER BLOCK 📉⚠️
The $MVLL futures slid to $26.91, erasing the last 24‑hour high and hammering the $31.7150 mid‑range order block into a fresh supply pocket 📉. Institutional volume spiked past $85 M, signaling aggressive desk liquidation as macro risk‑off sentiment spreads across the altcoin sector ⚠️. The breach of the $31.7 cluster has turned a former demand zone into a new bearish basin, putting immediate pressure on the $26.8335 support line.
Momentum oscillators are now deep in oversold territory, with RSI drifting below 30 and MACD widening the bearish histogram, confirming acceleration of the sell‑side pressure 😬. If the price cannot defend the $26.8335 floor, the next liquidity pool sits near the 24‑hour low of $26.70, while a clean retest of the $36.5463 resistance would be required for any credible reversal, a gap that appears structurally distant at present 📊.
Levels to monitor:
Watching support around $26.83
Structure suggests resistance near $36.55
Mid range area: $31.72
DYOR
Follow for Updates
#MVLL #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $MVLL futures slid to $26.91, erasing the last 24‑hour high and hammering the $31.7150 mid‑range order block into a fresh supply pocket 📉. Institutional volume spiked past $85 M, signaling aggressive desk liquidation as macro risk‑off sentiment spreads across the altcoin sector ⚠️. The breach of the $31.7 cluster has turned a former demand zone into a new bearish basin, putting immediate pressure on the $26.8335 support line.
Momentum oscillators are now deep in oversold territory, with RSI drifting below 30 and MACD widening the bearish histogram, confirming acceleration of the sell‑side pressure 😬. If the price cannot defend the $26.8335 floor, the next liquidity pool sits near the 24‑hour low of $26.70, while a clean retest of the $36.5463 resistance would be required for any credible reversal, a gap that appears structurally distant at present 📊.
Levels to monitor:
Watching support around $26.83
Structure suggests resistance near $36.55
Mid range area: $31.72
DYOR
Follow for Updates
#MVLL #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare