On a daily chart, this free fall in price within the 30-day period caused the token to make a falling wedge. It broke out of same on 22 September and has since posted only green candles.It is trite that an upward breakout of a falling wedge often precipitates a bull run for a crypto asset. In the case of MKR, a look at its performance on a daily chart lends credence to this position.
Although sitting at the center line, with sustained growth in buying pressure for the asset, MKR’s Chaikin Money Flow appeared poised for movement northward.
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