Maker （MKR） shows bullish momentum after a period of correction, with potential to surpass the $3000 mark driven by market recovery and positive technical indicators.
Points
- MKR price recovers from a three-month correction phase.
- Recent market recovery boosts MKR by over 40%.
- Technical indicators show bullish potential for MKR.
- Analysts predict a move beyond the $3000 mark.
- Market sentiment and technical analysis support bullish outlook.
Maker （MKR） has emerged from a three-month correction phase, gaining momentum and showing potential for significant price increases. After forming a triple bottom around the $2100 mark, MKR has seen exponential growth, recovering over 40% this month and climbing above key moving averages.
The coin recently experienced a falling wedge breakout, indicating a fresh bullish reversal wave. Although MKR revisited the $3000 mark, it faced rejection. However, buyers have regained strength, suggesting that a sustained move beyond $3050 could shift the coin’s trajectory towards $3500.
At press time, MKR was trading at $2759.20, reflecting a 2.36% intraday surge. The coin has a monthly return ratio of -1.90% and a yearly return of 1.20%, indicating a period of long consolidation. The pair of MKR/BTC was at 0.0420 BTC, and the market cap was $2.58 billion.
Technical indicators support the bullish outlook, with the RSI curve in the overbought zone and the MACD indicator plotting green bars on the histogram. The Global In/Out of the Money （GIOM） data shows that 81% of MKR addresses are making profits, indicating strong market optimism.
解説
- Maker’s recovery from the correction phase highlights its resilience and market potential.
- Technical indicators, including the RSI and MACD, support the bullish momentum for MKR.
- Market sentiment, as reflected in the GIOM data, shows strong investor confidence.
- A sustained move beyond key resistance levels could lead to significant price gains for MKR.