$MKR

/USDT Technical Analysis

MKR is showing strong momentum in the DeFi market with a current price of £1,261, up by +8.61%. Let’s dive into the key support and resistance levels that could set the next targets:

🎯 Target 1: £1,280

This level marks the nearest resistance, with bullish momentum pushing towards a breakout. If MKR maintains its current strength, we could see this level tested soon.

🎯 Target 2: £1,300

A move above £1,280 would bring £1,300 into focus, where traders may see intensified buying action, likely strengthening the rally.

🎯 Target 3: £1,320

This is a crucial zone, as a successful breach here would signal a potential uptrend, possibly setting MKR up for further gains.

Key Indicators:

24h High: £1,271

24h Low: £1,158

Volume: 25,617.94 MKR / 31.44M USDT

Keep an eye on these levels for optimal trading opportunities!