$MKR /USDT Price Alert Update
MKR/USDT has declined **7.34%** to **$1,666**, testing key support levels after reaching a 24-hour high of **$1,801**. The DeFi token currently trades near its daily low of **$1,618**, a critical zone for market participants.
**Market Snapshot:**
- **24h Volume:** 5,747.79 MKR ($9.70M USDT)
- **Current RSI(6):** 38 (approaching oversold territory)
- **Immediate Resistance:** $1,698 (7-day MA at $1,692)
**Alert Thresholds:**
- **Breakdown Watch:** $1,618 (24h low)
- **Recovery Signal:** $1,698 (4h resistance)
- **Next Support:** $1,607
The MACD shows bearish momentum at **-11**, though trading volume remains significant for this large-cap DeFi asset.
**Why This Matters:**
As a benchmark DeFi token, MKR's movements often signal sector sentiment. Today's pullback presents strategic alert opportunities.
š **Key Alert Levels:**
- *$1,698* (Short-term recovery test)
- *$1,618* (Critical support zone)
*Traders should monitor these levels for potential volatility.*
**Disclaimer:before starting any trades DYOR.**
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