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Here’s a quick technical analysis for $MKR /USDT on the 1H

CryptoPotato

Updated at: 15 hours ago

{"content":"Here’s a quick technical analysis for $MKR /USDT on the 1H timeframe based on your chart: 📍 Current Price: $2,144 📈 Change: +0.52% 🕯️ Last Candles: Sideways consolidation after a strong vertical rally 🔍 Chart Breakdown: MA Structure: MA(7): $2,140 — price is hovering just above it (short-term support) MA(25): $1,999 — bullish crossover occurred, trend momentum confirmed MA(99): $2,041 — price broke and stayed above it, showing strength Price Action: Breakout above MA 99 was followed by strong bullish candles Currently forming a bullish flag / range, suggesting continuation is possible Tight consolidation — buyers are defending the breakout level Volume (inferred): Typical pause after expansion move — next impulse could be brewing 📊 Key Levels: Support: $2,140 (MA 7 + short-term structure) $2,041 (MA 99 – former resistance now flipped) Resistance: $2,175 → $2,200 zone = next possible hurdle Beyond that: $2,250 psychological ⚙️ Trade Setup Suggestion (if confirmed): Entry: Break above $2,150 with volume Target: $2,200 – $2,250 Stop: Below $2,100 Bias: ✅ Bullish continuation likely unless price closes below MA 7 with volume 📌 Conclusion: MKR looks primed for another leg higher if it clears the tight range it's coiling in. As long as it holds above the short-term MA and avoids a volume-backed breakdown, bulls have the upper hand. ⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/14/aa34eddcd2d4427cbbfc21aac8e22cd6.png"],"tags":[],"tradingPairs":["MKR/USDT"],"quotearticleid":0}

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