Very good weekly and daily support, strong & solid growth for the past few weeks. My opinion remains bullish, Makerdao is preparing for a long solid uptrend.
Next stop - 1700$.
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It's noticeable that Makerdao broke some heavy resistance also at the MKR/BTC daily and MKR/ETH daily & weekly chart.
For a long time Makerdao was at least 1:1 with Ethereum. In august 2021 Makerdao lost it's 1:1 ratio to Ethereum. Now the daily and weekly resistance are confirmed broken, it's no time in my opinion to be bearish because Makerdao is coming to get it's 1:1 ratio back with Ethereum very soon.
I want to add that it has been long sinds I have seen something trading this good overall...
For a long time Makerdao was at least 1:1 with Ethereum. In august 2021 Makerdao lost it's 1:1 ratio to Ethereum. Now the daily and weekly resistance are confirmed broken, it's no time in my opinion to be bearish because Makerdao is coming to get it's 1:1 ratio back with Ethereum very soon.
I want to add that it has been long sinds I have seen something trading this good overall...