Technical analysis by cryptodailyuk about Symbol MKR on 6/1/2025

🔍1. Overall Trend:In the long term, we can see that MKR was in a downtrend, as evidenced by the falling trendline (orange dashed line).The last candles show that the price has broken this downtrend line - this could indicate a potential trend reversal or at least an attempted upside correction.📊Support and resistance levels (horizontal chart):Strong support (red) and resistance (green) levels are marked:✅ Resistances:~3,770 USDT – local top, very strong resistance.~3,079 USDT – previous support, now acting as resistance.~2,002 USDT – current growth barrier, price is currently struggling with this level.🔻 Supports:~1,574 USDT – current local support.~1,248 USDT – next support, previously tested.~800 USDT and ~400 USDT – historical accumulation zones, deep support levels.Oscillators (bottom of the chart):Stochastic RSI – currently in the upper zone, which may suggest that the market is approaching overbought. Possible correction.RSI (classic) – oscillates around 50, i.e. neutral, but with a slight upward slope. There is no overbought signal yet.🧠 Conclusions:➕ Bullish signals (pro-growth):Break of the downtrend line (may be the first signal of a trend change).Formation of a higher low.Oscillators are not yet in the extreme zone.➖ Bearish signals (pro-fall):The price has not yet managed to break the resistance at 2,002 USDT.Stochastic RSI indicator close to the overbought zone - possible short correction.📌 Scenarios:1. Upside scenario:If the price breaks through the 2,002 USDT level and stays above it, the next target will be the 3,079 USDT level.Confirmation will be the rising RSI and staying above the trend line.2. Downside scenario:If the price fails to break through the 2,002 USDT level and falls below the 1,574 USDT level, a possible test of the 1,248 USDT level or even lower (800 USDT).