$MKR Price Analysis Volatility Ahead $MKR is currently trading at $1,619, showing a slight upward move with a 24-hour high of $1,638 and a low of $1,574. The price is nearing a key resistance, signaling potential volatility for traders.
Key Levels to Watch:
Resistance:
$1,630 (immediate resistance)
$1,650 (major breakout level)
Support:
$1,600 (key support)
$1,570 (fallback support)
Trade Setup:
Long Entry: Above $1,630 with targets at $1,650 and $1,670.
Short Entry: Below $1,600 with targets at $1,580 and $1,570.
Stop Loss: $1,590 for shorts and $1,640 for longs.
The RSI near the neutral zone indicates balanced momentum, but watch for volume increases to confirm the next direction.