In this sideways bearish market DEFI projects like COMP,MKR,AAVE performed so well. Previously i posted my analysis on COMP in details.Now its time for MKR.
Today MKR went up over 10% and now trading between its MAJOR RESISTANCE LEVEL of 1150-1175. It would be hard to break this resistance zone as BTC is showing WEAKNESS. If BTC moves up to 31k again and further it may break this level. But it looks like next week BTC is going to 28.8k range again,so its more expected to see the price fall back to 1037-1018 range and even below.All the ranges are given at the chart analysis.
The GREEN & RED coverd AREAs are MAJOR SUPPORT & RESISTANCE ares.
The GREEN & RED lines are SUPPORT & RESISTANCE zones.
Today MKR went up over 10% and now trading between its MAJOR RESISTANCE LEVEL of 1150-1175. It would be hard to break this resistance zone as BTC is showing WEAKNESS. If BTC moves up to 31k again and further it may break this level. But it looks like next week BTC is going to 28.8k range again,so its more expected to see the price fall back to 1037-1018 range and even below.All the ranges are given at the chart analysis.
The GREEN & RED coverd AREAs are MAJOR SUPPORT & RESISTANCE ares.
The GREEN & RED lines are SUPPORT & RESISTANCE zones.
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