Buying pressure has eased significantly over the past two monthsMKR has maintained its bullish trend over the past few weeks, but its buying pressure has eased significantly over the past two months.
Therefore, the momentum of the Maker trend is still bullish, and considering that in the 4-hour time frame the price trend is still in the range, as long as the support of the $650-$672 range is maintained, we can expect a further increase in the price in the medium term.
Also, the price trend in the 4-hour period is between the two resistance support levels specified in the range.
The resistance of this channel is considered in the range of 798 to 940 dollars.
Due to the presence of many minor support levels, we expect the trend to remain within a large range.
But in general, by breaking each of the levels, the next specified ranges are used as short-term goals.
These levels are the most important ranges of supply and demand. Therefore, if the price hits these ranges, we expect a price reaction. In this week and if the market conditions remain favorable, the direction of movement can be towards higher resistances.
