$MKR

/USDT Technical Analysis | Price Action and Key Levels

MKR is currently trading at $1,438, showing a +0.98% gain over the last 24 hours. Let's dive into the technicals and explore potential target levels for traders.

๐Ÿ”น Key Resistance: $1,469

The price has touched a 24-hour high of $1,469. If MKR breaks through this level, we could see it push higher, targeting $1,490. Watch for a breakout above this resistance for confirmation of a bullish trend.

๐Ÿ”น Key Support: $1,403

The 24-hour low is $1,403, which remains a strong support level. If MKR falls below this, expect the next support zone around $1,380. Buyers could enter here, hoping for a rebound.

๐Ÿ”น Trend Continuation: $1,420

Currently, the price is hovering around $1,438, and $1,420 serves as an intermediate level for potential trend continuation. A consolidation around this price might indicate stability and a preparation for the next move either up or down.

๐Ÿ’ฅ Conclusion:

MKR has been moving within a defined range, and traders should keep an eye on the key levels of $1,469 (resistance) and $1,403 (support). A breakout above $1,469 or a dip below $1,403 could offer new opportunities for a profitable trade.

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