# MKR Price Surges to $1,340.00 as Bullish Momentum Builds
Maker (MKR) is currently trading at $1,340.00, marking a 0.68% increase in the last 24 hours. The significant trading volume of 6,682.43 MKR suggests strong market interest, and the overall sentiment appears bullish. 🚀
The price surge reflects growing confidence in the MKR ecosystem. This upward movement indicates a potential shift towards a more positive market outlook for the token. The consistent buying pressure observed throughout the day has contributed to this bullish momentum.
With a market capitalization of 8,944,781.64 USDT, MKR maintains a strong position. The notable trading volume further reinforces the active participation of traders and investors. This high volume indicates a healthy level of liquidity in the market.
Key support levels for MKR currently lie around $1,300 and $1,280. On the upside, resistance levels are observed around $1,350 and $1,380. Breaking through these levels could signal further bullish momentum.
Observing recent trading patterns suggests the formation of a potential ascending triangle. This pattern, characterized by higher lows and a consistent resistance level, often precedes a significant breakout. Traders are closely watching for a confirmation of this pattern.
In the short term, MKR’s price is expected to consolidate around the current level before potentially testing the resistance at $1,350. Maintaining support above $1,300 is crucial for sustaining the bullish momentum.
Looking ahead, key levels to watch include the resistance at $1,380 and the support at $1,300. A decisive break above $1,380 could propel the price towards higher targets, while a drop below $1,300 could trigger a short-term correction.
Final Summary:
- Current Price: 1,340.00 USDT
- 24h Change: 0.68%
- Market Cap: 8,944,781.64 USDT
- 24h Volume: 6,682.43 MKR
- Circulating Supply: 39,135 işlem
