MKRUSDT : Possible Consolidation at Critical Supports

MKR/USDT is currently consolidating after testing support levels around $1,327.8. The presence of nearby resistances, along with a still intact downtrend, suggests that the asset may continue in a period of laterality or attempt to test resistances around $1,382 and $1,408.

The chart is demonstrating a downtrend in recent sessions, with the price still struggling to overcome the main resistances, but MKR is unable to break the support.

The MACD shows a slight recovery with an attempt to cross between the signal line and the MACD line, possible start of bullish momentum and the stochastic in the overbought region
Supports: 1340 / 1275
Resistances: 1382 / 1408