Key Price Levels for MVRV Analysis Highlighted by Analyst

According to BlockBeats, on-chain data analyst Murphy shared insights on social media regarding the MVRV extreme deviation pricing range. Since March 2, the middle orange line within this range has frequently acted as a support level during pullbacks or as a resistance level during rebounds. Currently, the line is positioned at $102,000, which is considered crucial. Theoretically, in the absence of further negative events causing pessimism, this level should provide short-term support for a rebound. If this support fails, the price is expected to continue declining to test the upper boundary of the URPD chip accumulation zone-B range, located at $98,000. This $98,000 level also represents the average cost line for short-term holders and is regarded as the "bull-bear dividing line" for this phase.