MKR at a Crossroads! šØš
The MKR chart is currently navigating some turbulent waters! š After a dramatic drop from the $2,200 level in early August to the $1,600 zone, weāve seen some consolidation but no major recovery yet. The price seems to be stuck, hovering around $1,614, unable to push beyond the 7-day moving average.
The 25-day and 99-day moving averages are still trending down, which doesnāt give us much confidence in a breakout. š
Itās clear that the overall trend is bearish, and without a significant volume surge, any potential upward movement could be short-lived. If MKR canāt break above the $1,800 resistance, weāre likely to see it retest lower levels around $1,400. š
The indicators are flashing caution, but we could be in for some interesting action if market sentiment shifts. If youāre holding MKR, keep a close eye on those resistance levels!
Hit subscribe to stay updated and donāt forget to share your thoughts on where MKR is heading! šš
#MKR #CryptoTrading #BearishTrends #AltcoinAlert #MarketAnalysis
