Maker (MKR) is down 6.2% this week to $1,120, underperforming the broader crypto market, where Bitcoin (BTC) has gained 1.6% to $83,261. MKR surged by 39.6% to $1,599 in February, fuelled by strong market activity. Whale Alert recently reported a significant burn of MKR worth $156.7 million, a bold move that temporarily pushed prices above key resistance levels. However, a proper retest of the $1,000 support is necessary to confirm stability. If this level holds, the bullish scenario could regain momentum, making further upside the likely outcome.
