$MKR **Market Analysis: MKR (MakerDAO)**
As of today, MKR is priced at $1,170, and market sentiment appears cautiously bullish. The recent uptick in interest for decentralized finance (DeFi) protocols has positively impacted MKR, given its integral role in the MakerDAO ecosystem. Additionally, the recent announcement of increased collateral options within the Maker protocol is likely to enhance liquidity and attract more users.
However, potential regulatory challenges loom over the broader DeFi space, which could lead to short-term volatility. Investors should watch for resistance levels around $1,250, while support is observed at $1,100.
**Target Price:** $1,250
**Sell Price Update:** Consider taking profits if MKR approaches $1,250, but remain alert to market news that could influence price movements.
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