Maverick Protocol (MAV) stands out: Notable rise

Maverick Protocol (MAV) has attracted attention by rising close to 20% in the last 24 hours.

The cryptocurrency market remains active after the spot Bitcoin ETF approval. Cryptocurrencies, which fell with the approval, revived about a week later. While the leading cryptocurrency Bitcoin (BTC) slows down, bullish scenarios continue in altcoins.

Xai Games' (XAI) rise by close to 100% has increased interest in cryptocurrencies with low market caps. In these days when cryptocurrencies with bullish potential are being researched, Maverick Protocol has come to the fore. Maverick Protocol's native token, MAV, has risen close to 20% in the last 24 hours.

Maverick Protocol (MAV) debuts

Maverick Protocol (MAV), which fell to $0.44 on Jan. 15, broke out during the day and rose to $0.56. MAV is seen by investors as a bullish potential cryptocurrency with a low market cap.

Maverick Protocol has gained popularity as an AMM (Auto Market Maker) developed to provide the most liquid markets for DAOs and developers. Aiming to meet the need for liquidity in the crypto ecosystem, Maverick Protocol has managed to attract attention with the infrastructure it offers.

Based on its services, Maverick Protocol's native token failed to live up to expectations in MAV. MAV is ranked 294th in the ranking by market capitalization. In addition, MAV is among the cheapest cryptocurrencies with a market cap of $140 million.

The MAV, which has not yet achieved the exit expected by its investors, attracted attention by moving during the day. MAV, with its 20 percent rise in the last 24 hours, made you wonder.

MAV broke through the $0.5547 resistance. As a result of this breakout, MAV approached the major resistance point at $0.60. MAV could increase the appetite of the bulls if it persists above $0.5547 and pushes the $0.60 resistance. The popular cryptocurrency has taken on a structure that could break the $0.60 resistance. With this breakout, MAV could target $0.70.

On the other hand, MAV will gather strength from the $0.5547 support if it turns bearish. If this support fails, MAV may pull back to the support zone at $0.4750. MAV's intermediate support point would be the $0.4375 zone, while the major support point could be $0.39.