MKR/USDT Potential will be back test on the demand or support!

💎 MKR has recently encountered notable market dynamics, experiencing a significant rejection at a strong resistance area.

💎 There is potential for MKR to undergo a backtest on the demand area around $2530. If MKR shows positive signs in the demand zone, such as bullish candle rejections, it could bounce back upward and retest the strong resistance area.

💎 However, if MKR consolidates within the demand area with weak volume, there is a possibility of further downside movement, testing the support area around $2260.

💎 A bounce from the support area is necessary for MKR to continue its upward trajectory and establish a new leg up. However, if MKR breaks down below the support, it would be a bearish sign, potentially leading to a return to consolidation and a test of stronger support levels.