highlighted strong bullish momentum.
In the last 5 days, the Maker (MKR) was in a bullish spell, which showed a nearly 18% surge on the daily. It highlighted strong bullish momentum.
On a daily time frame, the Maker crypto price appears to have formed a falling wedge pattern and is approaching a key level for a breakout to prevail by surpassing the upper trendline.
Suppose the MKR triggers a breakout from the falling wedge pattern, then it could aim to recapture lost territories, with resistance at $2850 and $3250. However, if MKR falls below the $2098.29 mark, bears could target the $1850 and $1650 marks.
MKR trades near the dynamic resistance bands of 200-day and 50-day EMA. Meanwhile, the RSI flashed at 50.56, which has taken a jump from 14-SMA at 46.97, and MACD shows a growing histogram at 8.32, with a bullish cross. Overall, the technical indicators are signaling the anticipation of a massive move coming in the MKR future sessions.
On a daily time frame, the Maker crypto price appears to have formed a falling wedge pattern and is approaching a key level for a breakout to prevail by surpassing the upper trendline.
Suppose the MKR triggers a breakout from the falling wedge pattern, then it could aim to recapture lost territories, with resistance at $2850 and $3250. However, if MKR falls below the $2098.29 mark, bears could target the $1850 and $1650 marks.
MKR trades near the dynamic resistance bands of 200-day and 50-day EMA. Meanwhile, the RSI flashed at 50.56, which has taken a jump from 14-SMA at 46.97, and MACD shows a growing histogram at 8.32, with a bullish cross. Overall, the technical indicators are signaling the anticipation of a massive move coming in the MKR future sessions.
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