MKR Aims for 2.2K, But What Limits Its Progress

• MKR displayed robust upward momentum after breaking out of a bullish pattern but faced minor resistance.
• Market indicators indicated strong interest among traders, with rising buying activity showing confidence for further price gains.

In the last 24 hours, Maker [MKR] increased by 11.20%, reaching $1,416.32 at the time of reporting.
Indicators like funding rates and open interest (OI) suggest that the rally has potential for more upward movement.

Sustained accumulation reflects ongoing demand from market participants.

MKR on track for a potential 54% price increase?

Sine August, MKR has navigated a descending trendline that restricted upward movement. Recently, it broke free from this pattern, enhancing its market capitalization by 11.48% to $1.24 billion.

At press time, MKR was encountering resistance at $1,418 due to mounting selling pressure. However,... sapn >.

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