Crypto:
33957
Bitcoin:
$86.322
% 3.13
BTC Dominance:
%59.8
% 0.33
Market Cap:
$2.85 T
% 2.30
Fear & Greed:
10 / 100
Bitcoin:
$ 86.322
BTC Dominance:
% 59.8
Market Cap:
$2.85 T

Maker (MKR) Breaks Downtrend and Reaches Critical Resistance Zone

Maker 2

The recent volatility in the crypto market has led Maker (MKR) to break its long-standing downtrend on the 4-hour chart, marking a significant upward movement. With this breakout, the price has reached a critical zone, shaping key levels for investors.

Currently, MKR is facing strong resistance in the bearish Fair Value Gap (FVG) zone above. This level is crucial, as breaking through it could push the price higher. If this resistance is surpassed, the next target will be the $1,969 resistance level. A successful breakout above this level could lead to further price appreciation.


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Maker
Mkr/Usdt Pair 4 Hour Chart.

On the downside, in case of a market pullback, MKR has key support zones that need to be watched closely. The order block just below the current price serves as the first support level, followed by the $1,555 support zone. If the price drops further, the $1,358 level will act as the next major support.

Considering market dynamics, Maker (MKR) remains a highly volatile asset, making technical indicators and price trends critical for investors. Breaking the resistance could fuel further gains, while losing key support levels may trigger deeper corrections.


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