$MKR **MKR Analysis for November 17, 2024**

Today, MKR (Maker) shows strong bullish momentum, fueled by increasing adoption of its DAI stablecoin and a growing TVL (Total Value Locked) in its ecosystem. The token has recently broken above key resistance levels, signaling potential for continued upward movement. With MKR currently priced at $1,488, the asset appears to be consolidating before its next breakout.

Key factors driving the bullish sentiment include a favorable DeFi market trend, recent upgrades in the MakerDAO protocol, and strong community engagement. However, traders should remain cautious of resistance near $1,550, which could trigger short-term profit-taking.

**Target Price:** $1,600

**Buy Zone:** $1,450 - $1,490

**Sell Zone:** $1,580 - $1,620

MKR remains a solid long-term hold with opportunities for swing trading in the current range. Stay updated with market conditions for optimal entry and exit points.