Technical Analysis: #MKR/USDT
Executive Summary✅
⭐MKR (Maker) is currently experiencing a significant downward trend after a recent peak. The price has fallen considerably, breaking below key Exponential Moving Averages (EMAs), indicating strong bearish momentum. Despite its strong fundamental profile as a core DeFi asset with a robust ecosystem and strong institutional backing, the recent price action suggests short-term weakness. The Relative Strength Index (RSI) is approaching oversold territory, which could signal a potential short-term bounce, but the overall trend remains bearish🛑🥀🎀.$MKR