๐MKR is currently trading in a high volume area, with the poc of the Volume Profile Visible Range acting as support.
๐ if it fails to hold its position at the POC, it could correct to another level, potentially up to 5%, before resuming a bullish trend.
๐ maintaining a strong position above the 50-day Exponential Moving Average, further indicating a potential bullish move.
๐A crucial support level at 588, and a low volume node has been observed. A breakdown of this support could shift the market momentum into a bearish zone.
๐In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!