Technical analysis by xWindx about Symbol MKR: Buy recommendation (8/18/2025)

MKR stalled around the $2,400 resistance zone and is now retracing into key Fibonacci levels. In my view, this correction looks healthy and could set up the next strong move higher. Short-Term Trader Focus (next 1–4 weeks) Currently, $1,722 (0.382 Fib) level is being tested. With daily RSI already in oversold territory, this level could provide a bounce toward $1,950–$2,050. If $1,722 fails, next strong levels are $1,588 (0.5 Fib) and $1,362 (0.618 Fib). Both are strong buy-the-dip zones for swing traders. ⚡ Trading idea is to look for bullish reversal signals in the $1,588–$1,362 zone for swing long entries. High probability that the 0.618 Fib (~$1,362) will hold, so I plan to scale in gradually rather than waiting for the perfect entry. Macro Investor Focus (multi-month horizon) The macro trend remains bullish as long as MKR stays above $1,124. Current retracement is likely just a mid-cycle cooldown before MKR attempts higher levels. Macro upside targets are $3,120 (next major resistance) $4,074 (strong long-term target) Yes, $1,124 is so far away. If price ever returns there, the broader market would already be in severe distress. It is highly unlikely to get there at the moment. Hence, we are going to gauge our long-term spot entry with RSI (weekly). Currently it is cooling off from elevated levels, nearly resetting around 40–45, which historically aligns with strong long-term accumulation zones. 📌 Strategy: Scale into positions now and between $1,588–$1,362 for long-term holds. If RSI dips into oversold territory by Feb 2025, I’ll go in with full size at spot for a multi-month hold. Expect eventual move toward $3,120+ once correction completes. 📝 Summary Traders -> Watch $1,722, $1,588, $1,362 for bounce setups. Investors -> Treat this retracement as an opportunity to accumulate before MKR makes its next leg higher. Long-term bullish structure intact unless MKR breaks below $1,124 which is almost impossible at the current market condition. Not financial advice. Just my technical view. Manage risk accordingly!