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MKRUSDT

Analyzing the MKR/USDT 1-Hour Chart Analyzing the MKR/USDT 1-Hour Chart By Khizar Hayat 1. Trend Observation Recent Trend: MKR saw a strong upward movement around November 6-7, followed by consolidation and a sharp rise on November 8. Current Trend: After this rally, the price is stabilizing around $1,470, with a minor pullback signaling potential consolidation. 2. Support & Resistance Levels Support: Around $1,450, which has acted as a base after the downtrend. Resistance: At approximately $1,475, a level where the price hit a peak before a slight pullback. 3. Volume Analysis Volume Spikes: Increased buying activity is seen on November 8, indicating high demand. Volume Drop: As price consolidates, volume is also decreasing, which suggests a pause before the next move. 4. Candlestick Patterns The small-bodied candles with wicks at the peak may indicate indecision or potential topping. The current red candlestick hints at a pause or minor pullback. 5. RSI Analysis If visible, an RSI above 70 might indicate overbought conditions, suggesting potential for a correction. 6. Short-Term Outlook Bullish Scenario: Holding above $1,450 with renewed volume could push MKR past $1,475. Bearish Scenario: A break below $1,450 could lead to a reversal towards $1,420. 7. Risk Management Stop-loss: Place it below $1,450 to minimize potential losses. Take-profit: Set around $1,475, or higher if momentum continues. This pattern following a sharp move suggests either a continuation or a minor correction. Keep an eye on volume and key levels to gauge the next direction.
by khizar2261297
1
Maker (MKR) To the MoonMKR has successfully broken out of the bearish falling wedge pattern, signaling a positive outlook for a bullish movement. However, it’s important to note that MKR is currently at its first resistance level at 1,509. Considering that Bitcoin is also at a resistance point, there is a possibility of a correction toward the bullish trendline at 1,262 before continuing its upward trend to 1,727. This analysis will be updated if new key levels are identified. Thank you.
Long
by AzrulAzir
MKR/USDT: Looking Promising for a Breakout!MKR/USDT: Looking Promising for a Breakout! MKR/USDT is showing signs that it could be on the verge of a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy: Breakout trading tips 💡 1. Confirm the breakout: A true breakout happens when the price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊 2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄 3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️ 4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like MKR. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐 5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈 Trade with caution and keep these tips in mind to make the most of MKR/USDT’s promising move. This isn’t financial advice—always DYOR! 🔥
Long
by Crypto-By-Ghazi
2
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
1
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
MKR/USDT 1W Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is moving in a downtrend channel, at its lower boundary. Let's start by setting goals for the near future, which include: $2,063. $2,545. $2,767. $3,080 Now let's move on to the stop-loss in case the market continues to decline: SL1 = 1250USD SL2 = $953 SL3 = 520USD Looking at the RSI indicator, we see as the indicator moves at the bottom of the range, which may translate into an attempt at price increases.
by cryptodailyuk
MKR/USDT 1W Chart Long-TermHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see how the price is staying in the downtrend channel, at its lower boundary. Let's start by setting goals for the near future, which include: T1 = $2,063 T2 = $2,454 T3 = $2,767 T4 = $3,080 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $1563 SL2 = $1250 SL3 = $953 Looking at the RSI indicator, we can see that we are already quite low, which may result in an attempt to change direction, the movement of which appears to have begun.
by cryptodailyuk
MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line. Let's start by setting goals for the near future, which include: T 1 = $2,183 T 2= $2,548 T 3 = $3,121 AND T 4= $3,554 Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater. Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
by cryptodailyuk
1
MKR-USDT 4HHello everyone, I invite you to a quick review of MKR in pair with USDT on the 4H time frame. Let's start by discussing the movement, because we can see the upward exit from the local downtrend channel, which resulted in maintaining the upward trend line. Currently, you can see that the price is approaching a significant resistance level of $2,986, when it breaks above it, the next resistance is at $3,256, and then a very strong resistance at $3,446. However, if the current resistance rejects the price, we can see strong support at $2,688, further support at $2,419, and very strong support at $2,229.
by cryptodailyuk
MKR - USDT 12h IntervalHello everyone, let's take a look at the MKR to USDT chart on a 12h time frame. We can see here how the price has moved upwards from the downtrend line, maintaining the trend of the uptrend line, while currently we can see a movement in the local downtrend channel. After unfolding the fib retracement grid, you can see that the price is at the support level of $2,557, then it is visible at the support level of $2,269, and then there is strong support around the price of $1,781. Looking the other way, there is resistance at $2,793, the next one is at $3,278, and then there is a very strong resistance at $4,085.
by cryptodailyuk
1
Integration of RWA---- MKRIf you think we're still in a bull market and want to find a track for Alpha, then RWA must be the place with better soil and fertilizer. The near-listing of the ETH ETF and the impending easing of monetary policy will provide a large amount of funds for the crypto. These funds are mainly asset management companies and enterprises. They will look for compliance risk targets to increase their crypto positions. Apart from directly holding BTC and ETH, what I can think of is the RWA track. Probably in the last few weeks, you can see an increase in the number of news mentions about RWA on social media. Some asset management companies that issue BTC ETFs have begun to get involved with RWA. We mentioned the leading projects in the RWA track a few months ago, such as MKR and ONDO. But unlike at that time when they were fighting separately, today's RWA track is becoming more and more integrated as a whole. Today, let’s take another look at MKR. As one of the protocols with the highest revenue in the crypto market, MakerDAO received an impact from the challenger ONDO in 2024, and due to miscalculation and increased USDe positions, many DeFi protocols increased their vigilance towards DAI. This has also caused the price of MKR to enter a continuous decline since April. Aging and opposition do not lead to improvement. Recently, MakerDAO changed its original strategy and expressed its willingness to use US$1 billion in investment and US Treasury bond products from its treasury. The move attracted a number of RWA protocols, including BlackRock and original contender ONDO. The market interpreted this as MakerDAO’s strategy for ONDO changing from confrontation to complementarity. Benefiting from this, MKR prices have rebounded in recent days. After talking about the changes in fundamentals, let’s take a look at the reaction on the indicators. Earlier than MKR’s policy change, the TSB indicator prompted a BUY signal on July 11. After that, MKR started an upward trend and broke through the 4h-high of 2600. The current column is far away from the wavy area of the TSB indicator, and the bullish trend is healthy. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius