🚨 $MKR /USDT – Bounce or Breakdown? DeFi Giant at a Crossroads! 🧨📉
$MKR is up +7.57% to $2,015.9, but bulls face serious resistance near the MA(7). Is this just a relief rally, or the beginning of a larger move? Let’s break it down. 👇
📊 Market Overview
📍 Current Price: $2,015.9
📈 24h High: $2,267.0
📉 24h Low: $1,823.1
🧠 RSI(6): 39.1 – Still bearish-neutral, watch closely
🔹 MA(7): $2,069.4
🔹 MA(25): $1,974.0
🔹 MA(99): $1,900.5
🔸 Volume (MKR): 26,105.96
🔸 Volume (USDT): $53.96M
📊 Current Vol: 666.85
📈 MA(5): 2,003.98
📈 MA(10): 2,025.20
📈 MKR Trade Setup – Battle Near Key Resistance
🔹 Bullish Scenario (Break + Hold Above $2,070):
Entry: Above $2,080
Targets: $2,188 • $2,267 • $2,290+
Stop-Loss: $1,940
🔻 Bearish Scenario (Fail to Hold $1,975–1,950):
Entry: Below $1,950
Targets: $1,883 • $1,804 • $1,720
Stop-Loss: $2,070
📊 Hold or Sell Analysis
✅ Trading above MA(25) and MA(99) = long-term structure intact
⚠️ MA(7) pressure + weak RSI = momentum not yet confirmed
📉 Bearish divergence possible if RSI fails to break 45
💡 Pro Tip:
MKR thrives on low float volatility. If price closes above $2,080 with volume, expect acceleration to $2,290+. But below $1,950 = sharp fade risk. 🎯
📢 Will MKR reclaim its DeFi throne or slide back into the shadows? Let us know below!
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