Maker: As MKR sees ‘Cup-and-Handle’, watch out for THESE resistance levels – BitRss

• MKR broke a long-term downtrend, with analysts forecasting a $5K target.
• 62% of holders profit as MKR aligned with Ethereum growth.

Maker [MKR] is drawing attention as Ethereum [ETH] climbs to new heights, with analysts suggesting MKR could target $5,000 in 2025. A breakout from a prolonged downtrend and bullish chart patterns support predictions of a potential rally. 

MKR was trading at $1,727.42, at press time, after experiencing a slight decline of 0.69% in the last 24 hours a weekly drop of 15.47%. However, its market cap stands at $1.54 billion, supported by a circulating supply of 890,000 MKR tokens.

A rise in Ethereum prices, coupled with MKR’s recent technical patterns, suggests that the token could gain momentum in the coming months. 

Analysts have identified critical support levels and highlighted the influence of ETH’s performance on MKR’s price trajectory.

Breakout from a prolonged downtrend

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