MKR has appreciated by 28% since December 19, yet it remains significantly below its ATH. Given BTC's stable performance and a lack of major negative market influences, MKR's growth prospects appear strong.
The current key resistance level for MKR is at $1633. Surpassing this could accelerate Maker's upward momentum, possibly leading to a new high near $1770.
Should a correction occur, MKR might retreat to support zones at $1526-$1573, $1489, and $1397-$1442, with a further support level at $1362 being tested only if Bitcoin dips to $38,000.
The price has broken through the ceiling at $1551 of a rectangle pattern. A decisive break will signal a further rise to $1817 or more. The currency has broken up through resistance at points 1570. This predicts a further rise. In case of negative reactions, there will now be support at points 1570. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend.
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