$MKR has experienced a notable 7.437% price increase in the past 24 hours, marking a robust continuation of its overall uptrend. The price tested strong resistance at 1831, while finding solid support at 1444. With Bollinger Bands indicating heightened volatility (upper at 1778.61, lower at 1634.49), traders may see potential for further movement. Macroeconomic factors, including recent inflation data, may add uncertainty but overall foster a risk-on atmosphere. Bitcoin's influence appears limited currently, enabling MKR to exhibit relative strength. Short-term trading may capitalize on inherent volatility, while a long-term hold is advisable given the prevailing bullish sentiment. Key takeaway: MKR's current trajectory, bolstered by favorable market sentiments, presents enticing opportunities for both short- and long-term traders, particularly with careful attention to resistance levels.
