Maker (MKR) technical analysis:

Trade setup: Price cleared the 200-day moving average and finally broke above $800 resistance after several attempts. Trends are improving and price made a Higher High. Upside potential to $1,000-$1,100 next. Maker is a well established DeFi platform with real users and revenues , which forms a solid foundation for investors looking to trade it.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $600 – $700 (previous resistance), then $500. The nearest Resistance Zone is $800, which it broke, then $1000 – $1100.
Chart PatternscryptocryptoanalysisCryptocurrencycryptotradingTechnical IndicatorsmakerMKRMKRUSDTtechincalanalysisTrend Analysis

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