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<p>Crypto analyst AMCrypto has shared insights into <a href="https://captainaltcoin.com/maker-mkr-price-breaks-key-levels-as-sei-price-hints-at-upside-potential/" target="_blank" rel="noopener noreferrer nofollow">Maker (MKR)’s potential price trajectory.</a> The analyst has highlighted a bullish recovery and a key level that could spark a “real rally” for Maker’s price.&nbsp;</p>
<p>MKR, which has experienced a 25% bounceback, has shown resilience at a well-established support level, yet remains within a broader downtrend. According to AMCrypto, the price needs to surpass $1,700 for a confirmed shift to a bullish rally.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> bullish bounceback <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Held the support level strongly and a quick 25% pump<br><br>But still, its downtrend is not over. <br><br>Once it breaks above $1700, the MKR real rally will start <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Fjvm0f6vQD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Fjvm0f6vQD</a></p>— AMCrypto (@AMCryptoAlex) <a href="https://twitter.com/AMCryptoAlex/status/1852044112033132838?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2024</a>
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<h2 class="wp-block-heading" id="strong-downtrend-history-and-key-support-zone-strong"><strong>Downtrend History and Key Support Zone</strong></h2>
<p>MKR has encountered two major downtrend phases since early 2021. The first began from a peak in early 2021, ending with MKR finding strong support around mid-2022. A second downtrend started after a rally in 2023, stretching into early 2024.&nbsp;</p>
<p>Throughout these declines, a solid support zone around the $1,000 mark has consistently provided a base, preventing further drops. This support has been tested multiple times, reinforcing its importance as a foundation for any <a href="https://coinmarketcap.com/currencies/maker/" target="_blank" rel="noopener noreferrer nofollow">bullish movement.</a></p>
<p>The recent bounceback, as noted by AMCrypto, aligns with this support area. The expert observed that buyers are consistently active here, which may serve as a launchpad for future rallies.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sui-price-could-rise-past-3-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>SUI Price Could Rise Past $3: Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-resistance-levels-and-critical-breakout-point-strong"><strong>Resistance Levels and Critical Breakout Point</strong></h2>
<p>AMCrypto points to the $1,700 level as MKR’s next substantial resistance, one that could signify a shift in momentum. Positioned near the second downtrend’s upper boundary, this resistance represents a crucial level for MKR. Analysts observe that surpassing this mark could invalidate the current downtrend, setting up MKR for a sustained rally.</p>
<p>The approach to $1,700 is crucial, as it has the potential to end MKR’s bearish trajectory and usher in a bullish phase. For traders and investors, this level will likely serve as an indicator of whether MKR is ready for a <a href="https://www.fxstreet.com/cryptocurrencies/news/maker-price-forecast-mkr-could-stage-40-rally-202410312315" target="_blank" rel="noopener noreferrer nofollow">stronger upward move</a>.</p>
<p>The bounce from MKR’s support zone lately has indicated a shift in momentum, with buyers actively accumulating near this level. AMCrypto’s analysis suggests that this bullish activity could carry MKR toward the $1,700 mark if buyer interest persists.&nbsp;</p>
<p>Hence, with a solid base established at the $1,000 support, the recent momentum suggests a potential change in trend.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/heres-how-real-rally-will-start-for-maker-mkr-price/" rel="noopener noreferrer nofollow">Here’s How ‘Real Rally’ Will Start for Maker (MKR) Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s How ‘Real Rally’ Will Start for Maker (MKR) Price

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