$MKR has experienced a notable price increase of 13.456% over the past 24 hours.
The price fluctuated between a high of 1918 and a low of 1633, indicating strong volatility.
With the current price above the upper Bollinger Band of 1859.54, momentum appears strong.
Support levels are solid around 1716, while the resistance is clearly defined at 1918.
The overall market trend is upward, suggesting bullish sentiment among traders.
Macroeconomic factors, including recent inflation data, could continue driving investor interest.
Currently, Bitcoin’s influence remains undefined, which may allow MKR to move independently.
Traders might consider a short-term approach to capitalize on volatility, but long-term holders could benefit from the prevailing trend.
Key takeaway: Watch for potential breakouts above resistance for further upward momentum.
