Today we are looking at another asset for a spot portfolio: Maker ($MKR) 💲
🔎 $MKR itself is a governance token in Maker DAO ( the issuer of decentralized $DAI stablecoin). But why did this coin catch my attention at all, being not even in the top 50 on CMC actually❔
From the very beginning tier-1 fund Andreessen Horowitz (a16z) invested in $MKR, providing a certainty✅ that the coin is very valuable and will grow, this fund is rarely wrong. Small capitalization is only beneficial here, as it simplifies the price rise (I told it in the analysis of $PEPE💠)
On the technical side 👉 we have a beautiful reversal Three Tap Setup with the formation of a new zone of interest (support) Bullish Orderblock $1.630-$1.755, on a correction📉 to which I advise you to add to the position.
Medium-term targets are 1D FVG $1.810-$1.838, liquidity at $1.915 and $1.962, and 1.414 Fibo ($2.099). All in all, I'm expecting over 20% upside!💲
➡ At the moment altcoins shows a strong discorrelation with Bitcoin, so even if $BTC falls we may see a good pump here!