Maker (MKR) Price set more than 44%last week. The Defi -Token remains stable, even as a large wallet investors and whales who keep MKR take a profit in the constant price shock. On-chain and technical indicators support further profit in maker.
Maker derivatives and on-chain analysis
Sky Protocol (formerly Maker’s) (MKR) MKR -Token has market trends last week. The Token won more than 44% in value, according to price data on crypto.news. Derivatives data and on-chain analysis supports a bullish thesis for the Defi token for next week.
Derivate data from Crypto Intelligence Platform Coinglass show a large positive peak in open interest in MKR on February 21. The peak represents a huge increase in the total value of open contracts in MKR over derivative exchanges.
Coinglass -data show that MKR OI is $ 116.85 million on Friday 21 February at the time of writing.
The total value of the assets that is locked in MKR rose to $ 5,675 billion, as seen on Defillama. This coincides with the rising price, relevance and demand for tokens among traders. The rebranding to sky protocol has proven to be effective for stimulating acceptance among market participants.
Santiment data shows various negative peaks in the network realized/loss statistics in the MKR graph since mid-January 2025. This shows that various traders and MKR holders are throwing out and realizing their participations.
Consistent realization of losses is usually considered a sign of capitulation and is consistent with a final recovery in the price of token. The daily active addresses of MKR registered a peak of almost three months this week, indicating the increase in traders’ interest.
The stock of MKR token in the hands of whales (excluding Exchange Wallets) has risen and recovered from the decline mentioned in the first week of February. This is another bullish sign for the Defi -Token.
The money in/out of money around the price indicator on IntotheBlock shows that 30% of the wallet addresses that are currently retaining MKR are on non -realized losses. 65.55% of the MKR token holders have not -realized profit in their portfolio.
By combining the money realized in/out of the money realized/loss statistics, it is less likely that profitable traders take a profit, since the current trend is of capitulation. The chance of further sales pressure on MKR is low for next week, which means that token can extend its profit and retain the underlying positive momentum.
Maker (MKR) Weekly price forecast
Maker Brak from his downward trend on 12 February, since then, Token has gathered, so that the win is expanded almost every day this week. At the time of writing, MKR acts on Friday at $ 1,473.
The token is almost resistance to $ 1,632 and $ 2,050, two important levels in the upward trend of MKR between 26 and 4 December, as observed in the daily price chart. In the case of a correction, MKR could find support at $ 1,125.
Two important technical indicators, the advancing average convergence -diversion -indicator and relative strength -index Flash Bullish draw on the daily period. MACD shows successive green histogram staves above the neutral line and RSI reads 74 and runs up.
Although this usually generates a sales signal, in the case of MKR, MacD and the underlying positive momentum in the MKR -PRijstrend support further profit.
A rally to test resistance at $ 1,632 marks a rally of almost 15% in the MKR price.
Even if whales redeem their MKR companies in the midst of price stitches, they do not affect the prices negatively. Although it is typical of a token to observe a decrease in its price if large entities shed their participations, the MKR price keeps stable.
A wallet address identified as Inveteratus.eth on the blockchain sold 1,230 MKR worth 1.78 million USDC and made a profit of 30% of $ 418,000 within less than a month.
Data on the chains shows that in April 2024 the whale took a profit of $ 1.86 million from previous MKR transactions. The cumulative profit of the whale is $ 2.27 million through MKR transactions.
MKR holds stuck in the midst of Dao -Drama
The drama around Sky Protocol (Maker DAO) is identified as a “potential administrative attack”, the community said on X.
@Imperium paper, a long-term member of the maker, expressed a different opinion about a fast management proposal that demanded relaxing restrictions on borrowing against MKR, the management of the Sky protocol chain.
While the community debates on the proposal, one party claims that “it has bypassed the right process” and the effects would “> 2x the credit line for MKR toppators include, which increases their LTV from 50% to 80%. “
While the Dao drama unfolds, the Token continues its meeting.
Maker -Tokens worth $ 17 million burned, support profits
The second market mover for MKR this week is the $ 17 million token fire, identified on the blockchain. When a large volume tokens is burned, they are permanently removed from the supply and reduce sales pressure, to support price profits.
WHALE Alert: A tracker identified the 14,000 MKR -Token Brand worth $ 16.9 million, which contributes to the catalysts who are driving the price higher this week.
At the time of writing, MKR acts on Friday at $ 1,432.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
