🚀 $MKR

/USDT Technical Analysis on Binance - 3 Key Targets 🎯

MKR/USDT has shown impressive movement, with a +15.03% increase recently. Let’s dive into the key technical levels and targets that traders should watch closely.

📈 Current Price: $1,431

📊 24h High: $1,471

📉 24h Low: $1,235

🔍 Key Levels to Watch:

1️⃣ First Target: $1,471

This marks the recent high and is a significant resistance level. A breakout above $1,471 could indicate further bullish momentum, driving the price higher.

2️⃣ Second Target: $1,333

A retracement to this level would be a healthy pullback, aligning with Fibonacci support and market depth indicators. If MKR/USDT holds here, it could bounce back towards the resistance.

3️⃣ Third Target: $1,235

The 24h low serves as a critical support zone. If price action falls to this level, it could trigger buying pressure, with the potential for a reversal back towards the higher targets.

⚖️ Technical Insights:

SAR (Stop and Reverse): 1,133

Depth: 15.84%

The market shows strong upward momentum but be mindful of fluctuations in market depth. A drop in depth (-10.60%) could lead to temporary retracements.

Next Steps for Traders:

Watch for price action around the key levels.

Keep an eye on volume trends and market depth for signs of further consolidation or a breakout.

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