🚨 $MKR /USDT Technical Analysis and trade signal 🚀🚀🚀🚨

🔹 Current Price: $1,632

🔹 24h High: $1,763

🔹 24h Low: $1,590

The market has been quite volatile, with MKR/USDT seeing a 4.95% drop in the last 24 hours. But let's dive deeper into the price action and targets for the next moves!

🔽 Support Level:

At $1,590, MKR is currently testing a strong support zone. A bounce from here could signal a potential reversal.

🔼 Resistance Level 1:

$1,763 is a crucial resistance level. If MKR breaks above this zone, we could see further bullish momentum towards the next target.

🎯 Target 1: $1,763 - Watch for a breakout here, which could lead to a significant rally towards higher levels.

🎯 Target 2: $1,850 - If the price continues to build momentum, $1,850 could be the next resistance point to watch.

🎯 Target 3: $2,000 - For a more optimistic view, MKR has the potential to reach the $2,000 mark, driven by strong market demand and bullish sentiment in DeFi.

🛠️ Technical Indicators:

RSI shows oversold conditions, hinting at a potential reversal.

Moving Averages suggest some consolidation before a breakout.

⚖️ Risk Management:

Ensure you keep an eye on the $1,590 level. A breakdown here could signal a further downside risk, with $1,500 being the next critical support.

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