MKR: Potential opportunity of (+55%) to be monitored


Mid-term scenario : 



Maker [MKR] recently registered a promising uptick as its value increased by 7% in the last week. At press time, MKR was trading at $1,004 with a market capitalization of $959,766,006.


We expect a tentative of bullish exit from the current bearish trend as long as MKR remains 800 and 1020 in setback.  An intermediate resistance area at 1470/1740 is acting as taking profit level on the short-term while 3580 is the standard target for the coming weeks/months


Interestingly, MKR was also quite popular among the whales. MakerDAO was once again the most used smart contract among the top 500 Ethereum whales in the last 24 hours. 



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Key Element:

  • - The long-term trend analysis show potential towards 3580 as long as 430 strategic support remains valid
  • - The mid-term element as Mobile average and RSI are confirmed bullish signal
  • - MKR is outperforming ETH & BTC on a mid-term basis which allow us to keep this coin in portfolio



Trade Idea : Buy


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