The post Breaking! Maker (MKR) Could Rally 30%, Here’s Why appeared first on Coinpedia Fintech News
In the past few days, the cryptocurrency market has recovered significantly, but Maker (MKR) though initially lagging, now appears poised for a significant rally. With bullish market sentiment, MKR has recently broken out of its bullish price action pattern resulting in an increase in interest from traders and investors.
Maker (MKR) Technical Analysis and Upcoming Levels
According to expert technical analysis, MKR appears bullish as it has broken its bullish inverted head and shoulder price action pattern on the daily time frame. However, this bullish pattern occurred at the bottom of the support level and on the 200 Exponential Moving Average (EMA) in a weekly time frame.
Source: Trading View
Support from 200 EMA and the formation and breakout of a bullish price action pattern have shifted the overall sentiment for the MKR token. With its recent breakout, if it closes a
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