Maker Is Pushing Through the Resistance at $2000
Maker (MKR), also known as Sky, is rising by 1.3% to $1,901 this week, outperforming the broader crypto market where Bitcoin (BTC) is up just 0.4% to $118,120. MKR is once again approaching the key resistance level at $2,000 — its fifth attempt in the past three weeks. The repeated tests indicate growing pressure, but so far the token has struggled to decisively break through.
While the broader crypto environment is bullish, MKR continues to lag behind BTC's pace, reflecting its close correlation with general market sentiment rather than leading it. Speculation around Federal Reserve Chair Jerome Powell's possible resignation had briefly supported crypto assets, as markets anticipated a more dovish successor who might cut interest rates. However, U.S. President Donald Trump ultimately decided against removing Powell due to fears of a negative stock market reaction.
Without fresh, token-specific catalysts, MKR may find it difficult to sustain momentum beyond the $2,000 mark.
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