Maker (MKR) Surges 200.21% in 24 Hours Amid Technical and On-Chain Developments

On SEP 8 2025, MKR surged by 200.21% within 24 hours, reaching $1730.2. Over the past week, it dropped by 625%, while over the past month and year, it gained 849.7% and 1219.84%, respectively. The recent 24-hour gain reflects a sharp reversal following a prolonged period of on-chain activity and structural shifts in the DeFi lending protocol. The price rebound is attributed to a combination of increased protocol usage, token unlock schedules, and broader sentiment shifts in the crypto market.

The token’s performance aligns with key technical indicators that have historically signaled momentum. The Relative Strength Index (RSI) recently moved above 60, indicating a shift toward bullish momentum after a period of consolidation. Additionally, the Moving Average Convergence Divergence (MACD) has shown a positive crossover, with both the signal line and the histogram moving upward. These signals are often interpreted as early signs of a potential trend reversal. Traders and analysts have noted the alignment of short-term and long-term indicators as a key differentiator from past volatility cycles.

The surge has been supported by on-chain activity, including a notable increase in transaction volume and active wallet addresses. Protocol-level data from the MakerDAO dashboard reveals a 35% increase in collateralized debt positions (CDPs) over the past week, suggesting renewed demand for stablecoin issuance. The uptick in usage corresponds with recent upgrades to the governance framework and a broader push to attract institutional users. While these factors are not direct price drivers, they reinforce the narrative of a maturing DeFi infrastructure and increased token utility.

The technical backdrop and market dynamics have led to a reevaluation of risk profiles for MKR holders. Analysts have observed that the recent price movement is distinct from earlier bearish phases due to the underlying protocol’s improved performance metrics and user activity. Some analysts project that the current trajectory could continue if the RSI continues to rise and the 50-day moving average crosses above the 200-day line. However, caution is advised due to the historically high volatility of the asset and the presence of significant short-term resistance levels.

Backtest Hypothesis

A proposed backtesting strategy is based on the technical indicators currently influencing MKR’s price behavior. The hypothesis employs a combination of RSI and MACD crossovers to generate entry and exit signals. Specifically, a long position is triggered when the RSI crosses above 50 and the MACD histogram turns positive, with a stop-loss set at the 20-day low. The strategy is designed to capture short-term momentum while limiting exposure during sharp corrections. This approach is intended to reflect the current market conditions and historical correlations between technical signals and price trends.