$MKR

/USDT Technical Analysis & Trade Signal:🔥💯

Current Price: $1,626

Trend: Bullish, with an upward move of 2.59% in the last 24 hours.

Technical Indicators:

Support Levels: $1,615 (First support), $1,574 (Second support)

Resistance Levels: $1,638 (First resistance), $1,640 (Second resistance)

RSI: Neutral (around 50), indicating no immediate overbought or oversold conditions.

MACD: Bullish crossover, signaling short-term upward momentum.

Volume: Increasing volume indicates healthy momentum for further price action.

Trade Signal:

Buy Signal: Enter long position near $1,615-$1,620 (if price retraces).

Targets:

Target 1: $1,635

Target 2: $1,645

Target 3: $1,655

Trade Momentum:

The price is showing bullish momentum, driven by increasing buying interest. Buyers are likely to dominate unless a sharp drop below the support level ($1,574) occurs.

Stop Loss: Consider placing a stop-loss around $1,570 to protect against downward breaks.

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