$MKR $MKR The $MKR /USDT pair is currently trading at $1,258, up 0.40% in the last 24 hours. The chart shows a bullish trend with a potential for further upside.

Key Support and Resistance Levels

Support: The immediate support level is at $1,237, which is the 24-hour low. A break below this level could signal a bearish reversal.

Resistance: The first resistance level is at $1,335, which is the 24-hour high. A break above this level could open the door to further gains.

Entry Signal

A potential entry signal could be a breakout above the $1,335 resistance level. This could trigger a move towards the next resistance level at $1,352.

Trading Strategy

Buy: If the price breaks above $1,335, a long position can be initiated with a stop-loss below $1,237 and a take-profit target at $1,352.

Sell: A sell signal is not evident at this time.

Additional Considerations

Volume: The 24-hour trading volume is 30.67M, which is relatively high. A higher volume could indicate stronger bullish or bearish momentum.

Moving Averages: The 7-day, 25-day, and 99-day moving averages are all below the current price, indicating a bullish trend.#BinanceBlockchainWeek #16thBTCWhitePaperAnniv #USPCEExceeds #USADPSurges #Write2Earn!