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The Heroes of Mavia price is up 25% in the last 24 hours to trade for $3.9753 as of 6:30 a.m. EST time.
It comes amid euphoria about the MAVIA airdrop, with 1.25 million tokens up for grabs to 100,000 gamers and Ethereum NFT owners.
$MAVIA https://t.co/4bwzEEcgAT
— Heroes of Mavia (@MaviaGame) February 7, 2024
This is after the project racked up more than a million downloads within days. The Heroes of Mavia is a recently released mobile strategy game that was developed by Skrice Studios and operates as an iOS and Android strategy game akin to the smash mobile hit Clash of Clans.
According to Skrice, the game was downloaded by over a million people following its release last week. The studio also launched an airdrop program for 100,000 total players who synced their game accounts to the Heroes of Mavia website. In a landmark turn of events, all 100,000 slots were quickly filled ahead of the token launch.
Heroes of Mavia has reached 1,000,000 global downloads on iOS and Android 🎉
Join us on our mission to bring mass adoption to Web3 gaming – one player at a time! pic.twitter.com/5KyknZaOQA
— Heroes of Mavia (@MaviaGame) February 4, 2024
Besides the airdrop, the Heroes of Mavia price is also pumping on the back of a listing on Crypto.com. This made it available for purchase with over 20 fiat currencies.
Heroes of Mavia is listed in the https://t.co/vCNztATkNg App 🔔
Purchase $MAVIA and other crypto easily with 20+ fiat currenciesDownload the App to start trading #MAVIA now!
👉 https://t.co/jt6bDD8HsIFor more details – https://t.co/rJw3UkLANy@MaviaGame pic.twitter.com/NZmoI7uQpD
— Crypto.com (@cryptocom) February 7, 2024
The Heroes of Mavia Price Outlook As MAVIA Fills Up A Pennant
On the 30-minute timeframe, the Heroes of Mavia price is filling up a pennant triangle pattern. This technical formation is continuation pattern that occurs in both bullish and bearish markets. Traders looking for entry, particularly when the price has filled the pattern can use it.
Understanding The Pennant Pattern
The pattern occurs after the asset’s price records a sharp movement known as the mast or pole. The pennant represents a period of indecision at the midpoint of the full move, consolidating the prior leg (mast). The price is contained by a small symmetrical triangle that begins wide and converges to a point as the pattern develops.
Based on the current outlook, the Heroes of Mavia price could record a bullish breakout soon as it has filled the pennant with the technicals favoring the upside. For starters, the price is moving in the upper half of the Bollinger indicator, between the centerline and the upper band at $3.3900 and $3.8921. The ongoing volatility contraction could be followed by an expansion that would see the Heroes of Mavia price rally north.
Also, the Relative Strength Index (RSI) is northbound, suggesting rising momentum. Its position at 65 shows there is still more room north before MAVIA can be considered overbought.
The Moving Average Convergence Divergence (MACD) indicator is also moving above its signal line (orange band). Its position in positive territory as well as that of the Awesome Oscillator (AO), with their histogram bars flashing green, accentuates the bullish thesis.
The Parabolic Stop and Reverse (SAR) indicator is also trailing the Heroes of Mavia price from below, providing an additional support layer at $3.3000. For as long this price-tracking indicator trails an asset’s price from below, the market will continue to lean in favor of the upside.
Increased buyer momentum could see the Heroes of Mavia price extend the climb to reclaim the range high of $5.3120. In a highly bullish case, the altcoin could clear this local top to reach the $6.0000 psychological level. Such a move would constitute a 50% climb above current levels.
TradingView: MAVIA/USDT 30-min chart
Converse Case
If the bears have their way, the Heroes of Mavia price could descend to lose the support offered by the lower boundary of the triangle. In the dire case, MAVIA could roll over past the Parabolic SAR and the lower band of the Bollinger, potentially revisiting the $2.0000 psychological level.
Investors worried about the risk of a correction for MAVIA might want to consider MK, the ticker for the Meme Kombat ecosystem, which analysts say is ranked among the best meme coins to buy in 2024.
Promising Alternative To The Heroes Of Mavia
Meme Kombat is an innovative new gaming platform designed for gaming enthusiasts, offering investors a chance to combat in the arena. This innovative platform introduces distinctive features, including active betting and passive staking, providing diverse avenues for earning rewards, especially appealing to dedicated gamers.
⚔️ Meme Kombat Friendly ⚔️
Semi-FinalsWojak, Floki, Mong, and Milady were eliminated and we have our new match ups:
Sponge 🆚 Pepe
Pepe 2.0 🆚 DogeVote for your winners below👇 pic.twitter.com/XJnTlpylxs
— Meme Kombat (@Meme_Kombat) February 7, 2024
Meme Kombat’s MK tokens are in presale with funds raised having already reached $8.338 million as it surges towards its $10 million target.
$8.3 million 🥳
ONLY 1.7m to go! pic.twitter.com/OxpaUSVqxg
— Meme Kombat (@Meme_Kombat) February 6, 2024
The presale started in September 2023 and is now growing into a major player in the meme coin sector. It has attracted attention from both the crypto community and analysts. Investors looking to buy MK can do so on the official website, where each MK token is selling for $0.279.
HUGE🔥⚔️@BuryCrypto has got you covered and loves $MK! However, he forgot to mention the MEMES pic.twitter.com/83OUK4ZmMg
— Meme Kombat (@Meme_Kombat) February 6, 2024
Token holders can also stake their holdings for an Annual Percentage Yield (APY) as high as 112%, with 80% of the tokens already staked by 11,463 stakers.
Visit Meme Kombat website to buy MK here.
Also Read:
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