Maker DAO Trends Higher As 50 EMA Holds As Support, Can The Price Breach $1,200?

[AJBot]

MKR’s price shows strength as the price breaks out of a downtrend with good volume with eyes set on $1,200. MKR bounced from a low of $600 as the price rallied to a high of $1,000, preparing for a rally as the price eyes $1,200 key resistance. The price of MKR continues to trade above 50 Exponential Moving Average (EMA) on the daily timeframe. The price actions shown by Bitcoin (BTC) have affected most altcoins negatively as some have lost their key support, but Maker Dao (MKR) continues to show immersed strength as price breaks out of a long downtrend movement. The Consumer Pr ...

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