Is the leading DeFi token MKR about to surge? Technical indicators show that it may reach $3,900 this year
Market dynamics: As of 15:00 on February 18, 2025, MKR/USDT is now at $1,127, with a 24-hour increase of 11.37%, and the trading volume has surged to $145 million. This round of rise has formed a strong resonance with the surge in demand for DAI stablecoins, reflecting the market's strong expectations for the recovery of the DeFi ecosystem. At present, MKR has established deep liquidity pools in 468 exchanges, and on-chain data shows that the holdings of giant whale addresses have increased by 27% in a single week.
Technical breakthrough: Since breaking through the three-year downward channel in April 2024, MKR has shown a typical bull market structure at the daily level.
It is worth noting that:
The MACD histogram and RSI form a double bottom divergence, and the price is testing the key Fibonacci resistance level of $3,280. The Bollinger Band opening has expanded to the extreme value in the past two years, and the volatility index has exceeded 85
Institutional prediction:
The latest model of the well-known analysis platform CryptoSlate shows:
Short-term (24H): expected to test the pressure level of $3,280
Medium-term (2025Q3): target price range of $3,900-4,200
Long-term (2026-2027): If the Ethereum ETF is passed, it may hit the historical high of $15,000.
Value support-MakerDAO ecosystem has made three major breakthroughs recently:
The scale of real asset collateral (RWA) has exceeded 3 billion US dollars, with an annualized return of 8.7%
Spark Protocol deposit volume increased by 400% month-on-month, grabbing 40% of the ETH staking market share
The circulation of decentralized stablecoin DAI has returned to the 5 billion mark, and the minting fee rate has been reduced to 3.2%
Risk warning:
Be vigilant of three major variables
① Sudden changes in the competitive landscape of Ethereum Layer2
② Adjustments to the US SEC's regulatory policy on DeFi
③ MakerDAO governance token reform proposal (MKRV2)
Continue to pay attention: KAITO BNX MKR
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