MKR has declined by 32.58% in 30 days. An analysts eyes a trend reversal citing TD sequential buy signal and Stoch RSI bullish crossover
An analyst predicted a trend reversal, citing a bullish crossover of key indicators.has followed a different path. The altcoin faced a significant decline in its price charts.
But market optimism had revived over the past day as MKR’s trading volume surged by 55.39%. This upswing has given MKR a sign of revival.a popular analyst, suggested on X that MKR is showing a bullish crossover, citing the Stochastic RSI .In his analysis, Martinez posited that Maker’s TD sequential flashed a buy signal. This implies that the current trend has been exhausted. Therefore, the bearish trend is ending as buying pressure enters the market.
Finally, Martinez completed his bullish case for MKR proposing that the MACD was on the verge of turning bullish.While, the analysis provided by Martinez provides, a positive outlook for MKR, other metrics provide a different story.For starters, Maker’s Daily Active Addresses have experienced a strong decline over the past week.
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