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
source: https://www.binance.com/en/square/post/25948987159777?utm_source=BinanceNewsRSS