#MKR
$MKR
Based on the current technical analysis of the MKR token, here is the evaluation:
The technical analysis suggests the following:
RSI at 44.58: indicates a neutral zone, but it leans towards a slight decline; we have not yet entered the oversold zone (below 30), which means there is room for a decline or fluctuation before a reversal.
Negative MACD: indicates a continuous bearish momentum, but it could be in its final stages if the indicators start to converge.
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, as we await confirmation from the market.
Medium-term trend (coming weeks):
Neutral leaning upwards, provided it stays above the $1200 level. If this level is broken with a daily close, we may return to levels of 1100 or lower.
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Buying or selling opportunity:
Speculative buying opportunity: if the price stabilizes above $1200 with a stop loss below $1175.
Selling opportunity (short): if it fails to surpass $1300 and reversal candles or weakness signals appear on smaller timeframes.
