4 min readMKR remains one of the stronger performers in the altcoin space, continuing to show relative strength against the broader crypto market. We have covered this pair consistently in recent updates, and in our last analysis, we highlighted the potential for a reclaim of the level marked as number 1, opening the door for a move toward the number 2 resistance.
That move has now played out and exceeded expectations.
Not only did MKR reach the number 2 level around 1,800, but price also pushed through it in an explosive breakout, extending all the way to the 2,200 region, marked as number 3. This zone should now be viewed as high time frame resistance, and we are already seeing signs of rejection from this area.
Following the rejection at number 3, MKR has pulled back and is now coming close to revisiting the number 2 level around 1,800 for a possible retest. This zone will be key in determining whether buyers step back in and defend the previous breakout area.
On the 4-hour chart, the structure becomes even more defined. The level marked as number 2 near 1,900 aligns closely with the 50 percent Fibonacci retracement of the recent rally. In addition, the 4-hour 50 EMA, shown as a blue line, is also hovering around this level, adding further confluence to the zone.
Just below, we also have the local long reload zone around 1,850, which overlaps with an ascending trendline that has supported the recent structure. This makes the area between 1,850 and 1,900 a key region to watch for potential bullish continuation.
If price holds here and forms a higher low, MKR could be setting up for another push higher, possibly retesting the 2,200 level again. A breakdown below the trendline and reload zone, however, would weaken the current structure and shift focus back toward lower support levels.
MKR continues to lead with a strong technical profile, and this 1,850 to 1,900 zone may become a pivotal region for determining the next leg in its trend.
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