$MRVL | 4h
Marvell Technology has been in a weeks-long digestion process after the peak at 319.27.
The drop was orderly: lower highs and lower lows until it reached 251.00, where the price halted the selling pressure. From there, the MACD began compressing toward zero and the RSI(6) climbed to 66.9.
The price is trading at 276.56, nearly aligned with EMA7 (273.71) and EMA25 (273.32). This convergence often precedes directional moves. The EMA99 at 280.62 is the first resistance to break.
A volume of 224M USDT confirms active participation.
Is the semiconductor sector preparing the next move?
#MarvellTech #Semiconductors #TechTokens
Marvell Technology has been in a weeks-long digestion process after the peak at 319.27.
The drop was orderly: lower highs and lower lows until it reached 251.00, where the price halted the selling pressure. From there, the MACD began compressing toward zero and the RSI(6) climbed to 66.9.
The price is trading at 276.56, nearly aligned with EMA7 (273.71) and EMA25 (273.32). This convergence often precedes directional moves. The EMA99 at 280.62 is the first resistance to break.
A volume of 224M USDT confirms active participation.
Is the semiconductor sector preparing the next move?
#MarvellTech #Semiconductors #TechTokens