MKRUSDT
has now faced a strong resistance line after a magnificent bull run that managed to raise the price from $500 to $1,250. It seems that this is the end of the upward movement of this currency. As we can clearly see, the 5 Elliott Waves are beautifully completed.
But how far can the price correction continue and where is the best entry point?
In my opinion, the range of 1150 to 1200 dollars can be a good entry point, and we can consider the 0.618 Fibonacci line as the target, which shows us the price of 800 dollars.
But keep in mind that this is a long-term goal and don't expect a drop of several days to this point.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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