Respecting the ascending parallel channel...for now. Not a bad idea to take profits.
MKR’s rally combines exchange-driven FOMO around its SKY migration, whale-driven liquidity shifts, and technical momentum. Watch for sustained volume above $200M (current: $207M) to confirm continuation, or profit-taking near $2,300 (161.8% Fib extension). Will the SKY transition sustain demand post-swap, or trigger a “sell the news” reversal?
MKR’s rally combines exchange-driven FOMO around its SKY migration, whale-driven liquidity shifts, and technical momentum. Watch for sustained volume above $200M (current: $207M) to confirm continuation, or profit-taking near $2,300 (161.8% Fib extension). Will the SKY transition sustain demand post-swap, or trigger a “sell the news” reversal?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.