$MRVL /USDT โ Strong Rally, Now Cooling | Is the Pullback a Buying Opportunity?
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โ $MRVL posted an impressive +44.44% gain over the last 7 days.
โ Price rallied from 195.6 to 343.2 before entering a healthy retracement.
โ Currently trading around 293.8 while maintaining relative strength.
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๐ Technical Analysis
โ The rally was supported by strong volume expansion.
โ Major breakout candles appeared between June 1โ2.
โ Price is now testing MA10 (296.5), a key retest area.
โ MA20 sits at 308.7 and remains an important resistance level.
โ Current pullback appears orderly rather than panic-driven.
โ Market sentiment remains elevated following the strong run.
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๐ Key Levels
โค R1: 308.7 (MA20)
โค R2: 343.2 (Recent High)
โค S1: 289.4 (MA5)
โค S2: 275.1 (Demand Zone)
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โ Bullish Scenario
โ๏ธ Hold 289โ293 support zone
โ๏ธ Reclaim 308 resistance
โ๏ธ Potential retest of 343 highs
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โก Bearish Scenario
โ๏ธ Break below 275
โ๏ธ Increased selling pressure
โ๏ธ Potential correction toward 240
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โข Neutral Scenario
โ๏ธ Consolidation between 289โ308
โ๏ธ Market absorbs recent gains
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