#MKR
$MKR
Based on the current technical analysis of MKR, here is the evaluation:
The technical analysis suggests the following:
RSI at 44.58: indicates a neutral area, but it leans towards a slight drop; we have not yet entered the oversold area (below 30), which means there is room for a decline or fluctuation before a reversal.
Negative MACD: indicates ongoing bearish momentum, but it could be in its final stages if the indicators start to cross.
The price rebounded from a low of 1052 to 1258 today: this reflects a strong temporary buying momentum, and it may be a technical rebound rather than the beginning of a long upward wave.
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My personal expectation (technical + price):
Short-term trend (coming days):
Limited rise or horizontal fluctuation between 1200 – 1300 dollars, as we await confirmation from the market.
Medium-term trend (coming weeks):
Neutral leaning towards upward, provided it stays above the 1200 dollar level. If this level is broken with a daily close, we could return to 1100 levels or lower.
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Buying or selling opportunity:
Speculative buying opportunity: If the price holds above 1200 dollars with a stop loss below 1175.
Selling opportunity (short): If it fails to exceed 1300 dollars and reversal candles or signs of weakness appear on smaller time frames.
