$MKR

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading toward a strong breakout and retest.

We are experiencing a rebound from the lower boundary of the descending channel. This support is at 2008.

We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.

We are heading toward stability above the 100 moving average.

Entry price: 2333

First target: 2201

Second target: 2097

Third target: 2333