According to AMBCrypto, MakerDAO has achieved record monthly fees of over $40 million and revenues surpassing $26 million in December. Despite this growth, Maker [MKR] has seen a decline in market capitalization from $3.66 billion in April to $1.3 billion currently. The token is trading at $1,523, showing a slight 0.58% drop in the last 24 hours. The weekly chart indicates a falling, broadening wedge pattern, suggesting potential for a bullish reversal if buyers enter the market. However, the Chaikin Money Flow (CMF) remains negative, indicating seller control. The Awesome Oscillator (AO) also shows bearish momentum. A break above the wedge's upper boundary could target a 2024 high above $4,000. The demand zone is between $1,440-$1,480, with resistance expected around $1,700. Open interest in MKR has dropped significantly, indicating reduced speculative activity.
MakerDAO Hits Record Revenues and Fees Despite MKR's Mixed Signals
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