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$MKR /USDT Market Snapshot
🔹 Current Price: $1,644
📈 24h Change: +4.78% — strong recovery and upside pressure
🏷️ Sector: DeFi — one of the original governance tokens powering decentralized finance
📊 Key Trading Data
🔼 24h High: $1,645
🔽 24h Low: $1,563
📦 24h Volume (MKR): 1,939.41
💵 24h Volume (USDT): $3.09M
$MKR surged nearly 5%, pushing to the edge of its 24h high — signaling strong buyer interest near $1,600.
📈 Order Book & Price Action (Binance)
Current Resistance:
🔹 $1,645 – $1,649
Clear breakout above $1,645 could lead to a retest of $1,680–$1,700
Key Support Zone:
🔹 $1,597 – $1,562
Buyers have been actively defending the mid-$1,500s
🔍 Technical Overview
MA/EMA: Bullish slope — short-term averages supporting uptrend
MACD: Positive crossover — bullish momentum increasing
RSI: Approaching 70 — momentum strong but watch for overbought signs
BOLL: Bands widening — volatility increasing, breakout possible
SAR: Dots positioned below price — indicating uptrend confirmation
🔮 Market Outlook
MKR is riding a confident upward move fueled by renewed DeFi interest. Holding above $1,630 keeps the short-term trend bullish, with a path toward $1,680–1,720 if volume sustains.
$BTC 📌 Short-term traders may eye a breakout play. Long-term holders could view this as a sign of renewed market strength.
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