MKR Breakout Above Support Sets Stage for Potential Move Toward $2,100

MKR surged 4.8% in 24 hours, reaching $1,872.41, following a breakout above a key horizontal zone.

The token holds firm support at $1,783.18, while immediate resistance is positioned at $1,916.21.

Charts indicate potential continuation toward $2,100, provided the support level remains intact.

Maker (MKR) recorded notable price strength in the latest session, moving to $1,872.41 after a 4.8% increase in 24 hours. The token advanced after breaking through an important horizontal resistance area, where buying momentum helped the market maintain stability. This move comes as MKR runs in 15% profit, and attention is now turning toward whether the price can extend toward the $2,100 level.

Source: (X) Support and Resistance Levels Define Current Range

In the charts, MKR has established strong support at $1783.18, which has been the basis of recent upward trend. Conversely, the closest level of resistance is observed at $1,916.21, and thus, this is a vital level that traders need to monitor in the short-term

The price action is currently trapped within these levels, but the breakout indicates that there is more space where the price would be able to expand. It is worth noting that the MKR has maintained its higher support zones, a fact that reinforces the existing bullish trend.

Breakout Momentum Supported by Key Structural Levels

The market structure highlights how MKR managed to escape a prolonged consolidation phase by breaking through an important barrier. This breakout has drawn attention, as the price movement aligns with prior recoveries where similar horizontal zones acted as turning points. The ongoing rally emphasizes the significance of maintaining the $1,783.18 support, which remains central to sustaining further progress.

Breakout Strength Puts Focus on Next Technical Target

Following the breakout, charts project a potential move toward $2,100, provided the support continues to hold. Historical patterns show that MKR rallies have often accelerated after surpassing critical horizontal barriers. The recent advance of 15% profit supports this narrative, with momentum now centered on whether the price can sustain the breakout without retreating below the identified support.

The trading range of the past 24 hours has remained contained, yet the upward pressure highlights the market’s focus on the next significant target. If the price manages to push above the $1,916.21 resistance, technical levels indicate that $2,100 could be tested in the upcoming sessions.