MKR at a Crossroads! 🚨📉

The MKR chart is currently navigating some turbulent waters! 👀 After a dramatic drop from the $2,200 level in early August to the $1,600 zone, we’ve seen some consolidation but no major recovery yet. The price seems to be stuck, hovering around $1,614, unable to push beyond the 7-day moving average.

The 25-day and 99-day moving averages are still trending down, which doesn’t give us much confidence in a breakout. 📉

It’s clear that the overall trend is bearish, and without a significant volume surge, any potential upward movement could be short-lived. If MKR can’t break above the $1,800 resistance, we’re likely to see it retest lower levels around $1,400. 📉

The indicators are flashing caution, but we could be in for some interesting action if market sentiment shifts. If you’re holding MKR, keep a close eye on those resistance levels!

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#MKR #CryptoTrading #BearishTrends #AltcoinAlert #MarketAnalysis