๐ Maker ($MKR
/USDT) โ Daily Macro
Analysis
๐ง Current Price: $2,289
๐ Trend: Mid-to-Long-Term Reversal in Progress
๐บ Structure: Higher Highs & Higher Lows with breakout from multi-month consolidation.
๐ฏ Upside Targets (Resistance Levels)
๐น Target 1: $2,450
โช๏ธ Q4 2024 resistance zone
๐น Target 2: $2,830
โช๏ธ April 2024 local top
๐น Target 3: $3,150
โช๏ธ Major neckline โ break here could trigger strong macro upside
๐ก๏ธ Support Levels
๐ธ Support 1: $2,000
โช๏ธ Psychological level + 20 & 50 MA confluence
๐ธ Support 2: $1,860
โช๏ธ Previous resistance now flipped to strong support
๐ธ Support 3: $1,535
โช๏ธ 200-day Moving Average โ macro-level support
๐ Observations
โ MKR has reclaimed the 20, 50 & 200-day SMA โ confirming bullish structure.
โ Volume spikes on breakouts โ likely indicating institutional interest.
๐ If $2,450 is flipped into support, $3K+ is on the radar in a stair-step climb.
๐ #MKR Macro Outlook Looks Promising
๐ฐ Watch closely for clean retests & volume confirmation!
