$MKR Rockets +9.47%! Is This the Start of a Trend Reversal?

From a low of $1,563 to a sharp high of $1,794 โ€” Maker ($MKR ) just printed a textbook breakout on the hourly!

๐Ÿ“ˆ Market Snapshot:

Current Price: $1,746

24h Gain: +9.88%

Volume Surge: 5,773 MKR / $9.75M USDT

Buy/Sell Ratio: โš–๏ธ Bears slightly ahead (55.49% sell-side)

๐Ÿ“Œ Why It Matters:

$MKR rebounded off a tight consolidation, smashing through multiple resistances in a high-volume breakout. The momentum flipped rapidly after days of sideways action, indicating institutional interest or large spot accumulation.

๐Ÿ“Š Technical Breakdown:

Breakout candle confirmed above $1,690

Wick up to $1,794 shows intraday strength

Watch for a retest near $1,700โ€“$1,720 to gauge continuation potential

๐Ÿ’ฌ Investor Insight:

Short-term: Watch volume reaction at $1,740.

Mid-term: Reclaiming $1,800 could open doors to $1,850+

Macro view: Still down 35% YoY, so this pump could be just the beginning of a recovery wave.

๐Ÿ” Looking for quality DeFi projects with bounce-back potential? MKR might be signaling just that.

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โš ๏ธ Disclaimer: This post is for informational purposes only and not financial advice. Always DYOR before making investment decisions. Crypto markets are volatile.

#MKR #MakerDAO #CryptoGainer #BinanceTrading #CryptoInsights