📊 $MKR

/USDT Technical Analysis

MKR/USDT is currently experiencing an upward trend, trading at $1,283 with a +8.27% increase.

Key Highlights:

24h High: $1,294

24h Low: $1,181

24h Volume (USDT): 30.93M

Current Sentiment: Bullish momentum in the DeFi sector is supporting MKR’s recent gains.

Technical Insights: The 1-hour chart shows a positive movement, with price attempting to maintain support around $1,260. Immediate resistance appears at $1,300, a key level to watch for potential breakouts.

If the bullish sentiment holds, MKR could test new highs. However, a consolidation below $1,260 might suggest a pullback, possibly heading towards $1,240 as the next support.

🔹 Next Targets: $1,300 (Resistance) | $1,260 (Support)

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This post blends technical data with market sentiment, helping traders make informed decisions. Let me know if you'd like further adjustments or more market insights!