Heroes of Mavia (MAVIA)
Heroes of Mavia is a Web3 mobile base-builder strategy game inspired from the blockbuster mobile game “Clash of Clans”.We saw a need in the space back in 2021 for a mass multiplayer mobile game that can creatively integrate Web3 to be compliant with Apple and Google, and also onboard the masses from Web2 to Web3.The integration of blockchain technology allows its users to exert true ownership over their in-game assets as well as the direction of the game itself.
1. Basic Info
| Symbol | MAVIA |
| Name | Heroes of Mavia |
| Web Site | https://www.mavia.com/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://etherscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 250000000 |
| Available Supply | 31531000 |
| Market Cap | 36966944.4 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 250000000 |
| Release Date | 2024-02-02 |
2. Technical
2.1 Kline Price Chart
2.2 Technical Analysis
The analysis indicates a sharp downward trend starting from December 8th, 2024, culminating in a significant bearish engulfing pattern on December 10th. This pattern is characterized by a large red candle completely engulfing the previous days green candle indicating strong selling pressure. The price then consolidates somewhat but continues to display overall bearish sentiment with lower highs and lower lows. There is a notable surge in volume on December 10th confirming the validity of the bearish signal. However, following this heavy selloff, price attempts to recover with periods of both upticks and declines, reflecting market volatility and indecision. From December 20th to December 23rd there is a significant price increase. But this upward movement proves short lived with a strong rejection on December 24th and subsequent decline. A strong bull candle occurred on December 27th. However, this price increase is not sustained as it gets rejected on the following days. The price continues to experience higher highs and higher lows from Dec 29th to Jan 4th with moderate volume. The most recent candle on January 5th, 2025, suggests a potential bearish trend after a strong recovery indicating a possible trend reversal. The volume is also low. Therefore, a possible sideways movement may be observed in the short term. The overall trend appears to transition from a very bullish period prior to Dec 8th to a very bearish period followed by consolidation and now seems uncertain.
