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Why is Maker (MKR) Price Pumping?

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Amidst the bearish market conditions, the Maker (MKR) price increased 7.81% in the past 24 hours, reaching $2,530.48. This surge comes as multiple technical analysts identify bullish chart patterns and MakerDAO announces an audit contest. Technical Analysis Points to Potential Breakout Several prominent crypto analysts have highlighted bullish technical formations for MKR: Falling Wedge Pattern
bullish:

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bearish:

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