$MKR
In the past month, the Maker (MKR) token has continued to decline, with a drop of 32.58%. However, in the last 24 hours, MKR has rebounded with an increase of 10.37%, currently priced at $1,228.14. Technically, MKR's price shows a stable upward trend, with major support around $1,100. According to many technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), MKR is in a bullish trend.
After rebranding and successfully launching the USDS stablecoin, MakerDAO is considering abandoning the Sky brand. Ultimately, Maker, Sky, USDS, and Dai represent pragmatism rather than speculation, as only this can provide the most sustainable value in the long run. Focusing on core fundamentals will be key to driving long-term success.