MRVL is currently sitting at an interesting technical area.

After the extended sell-off from the $220 region, price has been consistently printing lower highs and lower lows. However, the recent move into the $177.50 area has started to show a possible shift in short-term structure.

Price has now formed what looks like a potential double bottom around the lows. The first reaction from this area was followed by a strong recovery, and the second test has also produced a bullish reaction.

But I don't think the move higher is necessarily going to be straight up.

My expectation is for price to potentially retrace back toward the $174–$177 area, where liquidity could be taken before the real expansion higher. If that zone holds and price continues to build bullish structure, the next major target is around $208, which is the previous significant resistance/high.

So the idea is:

Liquidity sweep → bullish confirmation → expansion toward $208.

The interesting part is that we're heading into the weekend while the traditional stock market is closed.

Normally, if this were a traditional Nasdaq-listed stock, I would simply have to wait until the market reopens to react to new price action.

But with this rTokens, the underlying stock exposure remains tied 1:1 to the Nasdaq reference price, while the token itself can continue trading 24/7.

That means if the technical setup continues developing over the weekend, I don't necessarily have to wait for Monday's traditional market open to participate in the move. Quite impressive on this one