#MKR Bears in Control: Is a Breakdown Inevitable or Not?

Yello, Paradisers! Is #MKR setting up for another leg down, or will the Bulls finally step in? The structure is clear; this could get ugly unless something changes soon. Let’s break down the #Maker setup:

💎#MKRUSDT is forming a Descending Leading Diagonal, a classic bearish pattern within a larger zigzag correction. This structure suggests that sellers remain in control, with each bounce being met by renewed selling pressure.

💎Price is currently reacting off the descending support near $1,160. While a short-term bounce toward $1,250 - $1,300 is possible, it remains within the bearish framework. The critical resistance to watch is at $1,333—a breakout above this level would invalidate the bearish setup and signal a shift in momentum.

💎If the bearish structure holds, the next leg down could take us to the strong support zone at $1,000 - $950. This is where buyers will have their last real chance to defend the trend. A failure to hold this level could open the door to a deeper correction.

💎RSI remains weak, showing no strong bullish divergence, signaling that momentum is still in favor of the sellers. The volume is declining, meaning the recent price action lacks strong buying conviction.

Strive for consistency, not quick profits. The market rewards discipline and patience—trade smart, Paradisers!

MyCryptoParadise
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