MakerDAO (MKR) has shown resilience in a bearish market, gaining 7% in the past 24 hours and outperforming major cryptocurrencies. The price surge has attracted interest from traders and investors, with a 10% increase in trading volume. Technical analysis suggests MKR is on the verge of breaking out of a descending pattern, and if it closes above $1,070, it could potentially rise by 50% to reach $1,600. However, there is potential for a sell-off as investors start dumping MKR tokens, with $1.85 million worth of MKR tokens being moved to exchanges in the past 24 hours.



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