๐ $MKR /USDT Market Snapshot
๐น Current Price: $1,644
๐ 24h Change: +4.78% โ strong recovery and upside pressure
๐ท๏ธ Sector: DeFi โ one of the original governance tokens powering decentralized finance
๐ Key Trading Data
๐ผ 24h High: $1,645
๐ฝ 24h Low: $1,563
๐ฆ 24h Volume (MKR): 1,939.41
๐ต 24h Volume (USDT): $3.09M
$MKR surged nearly 5%, pushing to the edge of its 24h high โ signaling strong buyer interest near $1,600.
๐ Order Book & Price Action (Binance)
Current Resistance:
โ๐น $1,645 โ $1,649
โClear breakout above $1,645 could lead to a retest of $1,680โ$1,700
Key Support Zone:
โ๐น $1,597 โ $1,562
โBuyers have been actively defending the mid-$1,500s
๐ Technical Overview
MA/EMA: Bullish slope โ short-term averages supporting uptrend
MACD: Positive crossover โ bullish momentum increasing
RSI: Approaching 70 โ momentum strong but watch for overbought signs
BOLL: Bands widening โ volatility increasing, breakout possible
SAR: Dots positioned below price โ indicating uptrend confirmation
๐ฎ Market Outlook
MKR is riding a confident upward move fueled by renewed DeFi interest. Holding above $1,630 keeps the short-term trend bullish, with a path toward $1,680โ1,720 if volume sustains.
๐ Short-term traders may eye a breakout play. Long-term holders could view this as a sign of renewed market strength.