Maker(MKR) price rose 17%: Futures drive the pump, Spot selling pressure raises pullback concerns.

CoinNetwork · 2025-06-15T07:09:47+00:00

MKR has risen 17% in the past 24 hours, mainly driven by long positions in the futures market. Despite this, there was over $1 million in dumping in the spot market, indicating profit-taking. Technical analysis anticipates a price pullback to the support level, with good market liquidity potentially attracting buyers.

CoinNetwork

2025-06-15 07:09:47

Abstract generation in progress

Maker (MKR) has risen by 17% in the past 24 hours, driven mainly by aggressive long positions in the futures market. Despite this surge, spot traders have sold over $1 million worth of MKR, possibly to take profits. Technical analysis indicates that prices may pull back to the support level of $1,962, and indicators such as the Bollinger Bands and the Money Flow Index also suggest the possibility of a rebound. Currently, market liquidity is good, indicating that any price pullback may attract more buyers. However, weakening short-term momentum and ongoing spot dumping make the sustainability of long positions unclear.

Key Point:

MKR price rose 17%, mainly driven by futures trading.
The spot market has seen significant dumping, possibly for profit-taking.
Technical indicators suggest that the price may pull back to support levels of around $1,962 or $1,867.
The Bollinger Bands and Money Flow Index indicate that the price has rebound potential.
Market liquidity remains healthy, which is conducive to potential accumulation.

This analysis includes insights from CoinWorld.

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