MRVL — Wedge Compression at Equilibrium | SMC Daily AnalysisMarvell Technology, Inc.BATS:MRVLWavervanir_International_LLCMarvell Technology is sitting at a critical inflection point. After rejecting the $100-$105 premium zone (Strong High) twice, price printed a bearish Change of Character in November 2025 and has been grinding lower with multiple Breaks of Structure confirming the downtrend. Current State: Price is consolidating at equilibrium ($78.65) with the CM Ultimate MA (79.37) acting as a flat pivot. RSI at 47 — completely neutral. Volume declining into the wedge, which is classic pre-breakout compression. Structure: A descending trendline from the $127 ATH is converging with a rising trendline from the 2025 lows. This wedge apex resolves within the next 4-6 weeks. SMC Framework: The institutional footprint suggests unfinished business below. The $55-$60 demand zone (daily order block) remains unmitigated, and the Weak Low near $45-50 is resting liquidity that hasn't been swept. The projected path shows a discount sweep into the $60 OB before a potential reprice higher — standard SMC accumulation schematic. Levels I'm Watching: $100-105: Premium supply / Strong High — hard rejection zone $85: First resistance / bearish BOS level — bulls need to reclaim this $78.65: Current equilibrium / CM MA pivot $75: Wedge support — a daily close below accelerates the move $55-60: Daily demand OB — highest probability reversal zone $45-50: Weak Low / maximum discount — liquidity resting here Notable: Zero significant institutional options flow on MRVL today across a 775Mtape.Whenaliquidseminamegoesquietduringheavysectoractivity(775M tape. When a liquid semi name goes quiet during heavy sector activity ( 775Mtape.Whenaliquidseminamegoesquietduringheavysectoractivity(AVGO printing score 1.00, NVDA +$8.4M net calls), the absence of positioning is itself information. Smart money hasn't committed a direction yet. Scenarios: Bearish: Loses $75 wedge support → targets $60 OB. Aligns with broader IWM/small-cap put walls seen in today's flow (-$16M net puts). Bullish: Holds wedge support, reclaims $85 with a bullish CHoCH → targets $95-100 premium retest. Likely needs a catalyst. Bias: Neutral until structure breaks. Leaning bearish on SMC structure but waiting for BOS confirmation + options flow alignment before entering. No position. Watching for the wedge resolution.