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}