Maker (MKR) has experienced a significant downturn, losing 4.50% against the US Dollar in the last 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), decreasing by 2.49% and 3.53% respectively. Over the past month, MKR has dropped by 15.33%, reflecting a bearish medium-term trend with a 41.41% decline over the last three months.

Despite a long-term positive outlook, with a 0.04% increase since last year, the current market sentiment remains bearish. Technical indicators reveal that 78% are signaling a negative forecast for MKR. Key support levels are $1,392.15, $1,378.53, and $1,357.47, while resistance levels are $1,426.84, $1,447.89, and $1,461.52. The Fear & Greed index stands at 49, indicating a neutral market sentiment.

Given the current bearish sentiment and significant recent losses, caution is advised for investors considering MKR.