Technical Analysis: $MKR

/USDT

🔍 Current Price: $1,281

📈 24h Change: +8.38%

📉 24h High: $1,294 | 24h Low: $1,181

Key Levels to Watch:

1. Support Level: $1,197

The current support level at $1,197 is crucial for buyers to defend. A sustained hold above this level could indicate further bullish momentum.

2. Resistance Level 1: $1,294

The first resistance level is at $1,294. If MKR breaks above this point, we could see an acceleration in buying pressure, aiming for higher targets.

3. Target Price: $1,350

If momentum continues, a bullish breakout past $1,294 could lead MKR towards the target price of $1,350. This level is significant as it marks a previous high, providing potential profit-taking opportunities.

Trading Volume Insights:

24h Volume (MKR): 24,859.21

24h Volume (USDT): 30.84M

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