đ
$MKR /USDT Market Update â $1,582 (-4.93%)
đ Market Overview
đ Current Price: $1,582 (-4.93%)
đ 24H High: $1,730
đ 24H Low: $1,569
đ 24H Volume: 22,023 MKR / 36.29M USDT
đ Technical Analysis
â
Support Levels:
$1,570 - $1,560 â Immediate support
$1,500 - $1,480 â Strong support
đ Resistance Levels:
$1,630 - $1,670 â Immediate resistance
$1,700 - $1,730 â Key breakout zone
đ Indicators & Trend Analysis
đš RSI: Near oversold (~35) â Possible bounce if demand increases
đš MACD: Bearish crossover â Downward momentum still present
đš Bollinger Bands: Trading near lower band â High volatility expected
đ Trading Strategy
đ Bullish Scenario:
If MKR reclaims $1,630, a push to $1,670 - $1,700 is likely
Breaking $1,700+ could lead to a recovery towards $1,750
đ Bearish Scenario:
A drop below $1,560 could push MKR towards $1,500 - $1,480
Breaking $1,480 would confirm further downside
â ď¸ Risk Management:
đš Stop-loss: Below $1,560
đš Take profit: $1,670 - $1,700
đ Final Thoughts
MKR is facing selling pressure, but the $1,560 - $1,570 zone is crucial support. A bounce could happen if buyers step in, but failure to hold could lead to further declines. Traders should monitor volume for confirmation.
#MKR #MKRUSDT #Crypto #CryptoTrading