Decoding the reasons behind Maker’s [MKR] upward momentum

Maker [MKR] has been moving upward for the past 72 hours. The recent surge caused short positions to be liquidated. Short sellers were forced to cover their bets on Maker [MKR] after the asset experienced a sudden and dramatic price increase. The MVRV has shifted position due to the recent pricing movement, making it overvalued. […]