$MKR Trading at $1,689 – Bulls Pushing Higher, Approaching Resistance
MKR is currently trading at $1,689, showing strong upward momentum and now approaching its immediate overhead resistance. The price action at this level will be crucial in determining if buyers can push higher for a breakout or if selling pressure will lead to a retreat.
Key Levels:
Resistance: $1,699 (24h High), $1,700 (psychological resistance)
Support: $1,688 (immediate, recent low), $1,660 (stronger)
Trade Setup - Anticipate Volatility!
Bullish Entry: A confirmed move and sustained trading above $1,689 could target:
Target 1: $1,699 (24h High)
Target 2: $1,720 (implied, based on extension)
Bearish Entry: A break below $1,688 could target:
Target 1: $1,660
Target 2: $1,640 (implied, next support)
MKR/USDT is at a pivotal point. A decisive break above $1,689 could signal further upside momentum, while a sustained slip below $1,688 might lead to a deeper retracement.
