Maker Is Building Up Its Upside Momentum
Maker (MKR) is up 3.4% to $1,397 on Monday, outperforming the broader crypto market where Bitcoin (BTC) is rising by 1.2% to $84,581. The move comes amid a wave of improved market sentiment, driven by both macroeconomic factors and bullish technical positioning.
The recent rebranding of Maker to SKY had only a limited immediate impact on price, as MKR continues to consolidate on dips. However, broader optimism is being fuelled by easing geopolitical tensions—specifically, U.S. President Donald Trump’s decision to reduce tariffs on Chinese electronics to 20.0%. While framed as temporary, the move is seen by markets as a symbolic retreat that could pave the way for reciprocal de-escalation by China.
This softening tone significantly reduces inflation risks, increasing the likelihood of Federal Reserve rate cuts. A dovish shift from the Fed would be highly supportive of both equities and digital assets, including MKR.
Technically, MKR is consolidating near a key resistance level at $1,500. This setup, coupled with BTC’s advance above $83,000 and its potential breakout toward $91,000–93,000, presents a strong bullish case. A confirmed move through resistance could propel MKR into a new rally phase, with upside targets above $1,500 in play.
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