O Maker
MSEK
R$16.382
resumed the uptrend on March 17 after a few days of consolidation, indicating that bulls remain in control.
The MKR/USDT pair could rise to $3,580 and eventually $4,000, where the bears are expected to mount a strong defense. However, the uptrend may continue if bulls do not give up too much ground above $4,000.
The first sign of weakness will be a drop below $2,976. If this happens, it will indicate that the markets have rejected the higher levels. The pair could fall towards the 20-day EMA ($2,525), which is an important level to watch. A break below this support will tilt the advantage in favor of the bears.
The 4-hour chart shows that the bulls are trying to sustain the pair above the ascending channel pattern. If successful, the pair could gain momentum and rise to $3,725.$ETH $MKR
