MKR Maker Retracement to the Support after Overbought Area

If you haven`t bought MKR before the crypto rally:

Or sold it on the way down:

Then you should know that the Crypto MAKER has recently experienced a period of being overbought, indicating a potential need for a retracement or pullback in the near term. Overbought conditions occur when the price of an asset has risen too quickly and may be due for a temporary correction.

Considering the current situation, it is reasonable to anticipate a retracement in MAKER's price, with a potential target of the support level around $638.

Looking forward to read your opinion about it.