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Maker’s [MKR] rally could slow down as it faces key obstacles on its upward trajectory. The token hiked by 16% and 20% in the past 24 hours and seven days, respectively, according to CoinMarketCap.
However, it has reached a crucial resistance level of $915, which could derail the momentum of the uptrend.
Read Maker’s [MKR] Price Prediction 2023-24
In another new development, MakerDAO has approved Aave’s Direct Deposit Module with a debt ceiling of 5 million DAI units. The move is aimed at stabilizing the borrowing rate of DAI at 2%. The liquidity provision will also extend to Aave’s rival, Compound Finance.
<p lang=«en» dir=«ltr» xml:lang=«en»>D3M with debt ceiling of 5 million DAI deployed to @AaveAave protocol.5 million of fresh DAI generated and supplied to @AaveAave protocol's DAI market.
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