MKR just gained lots of in flow after the crash of UST and it is looking very good both in term of TVL dominance on ETH and price action chart.
1. 1000 USD is a solid support here if you want to buy or go long for a swing trade it is a good SL point.
2. MKR is no.1 TVL in couple of TOTALDEFI chart both seems to confirm with a confluence here. MKR STORSI/RSI seems to complete while TOTALDEFI shows an exhaustion gap and a rejection at fib 0.78.
3. If MKR can still function nicely without a problem of DAI peg dislocation, it might be the first in DEFI in recovery from the Bearish trend.
1. 1000 USD is a solid support here if you want to buy or go long for a swing trade it is a good SL point.
2. MKR is no.1 TVL in couple of TOTALDEFI chart both seems to confirm with a confluence here. MKR STORSI/RSI seems to complete while TOTALDEFI shows an exhaustion gap and a rejection at fib 0.78.
3. If MKR can still function nicely without a problem of DAI peg dislocation, it might be the first in DEFI in recovery from the Bearish trend.