Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Price action in the MKRUSDT market has extended its upside correction towards the $1,200 resistance price mark. What’s more, technical indicators are more biased toward the opinion that the resistance price mark at $1,200 may be broken. Let’s take a closer look and see the possibilities in this market.
Maker Statistics:
MKR Value Now: $1,166
MKR Market Cap: $1,143,070,430
Maker Circulating Supply: 977,631
Maker Total Supply: 977,631
MKR CoinMarketCap Ranking: 38
Major Price Levels:
Top: $1,166, $1,200, and $1,300
Base: $1,150, $1,100, and $1,000
Maker (MKR) Proceeds Northwards
Price action in the Maker daily market maintains an upside focus after correcting upwards from the drawn upside-sloping trendline on this chart. The mentioned upward correction occurred in the past two trading sessions, and the current session has helped to maintain an upside focus after prices surpassed the $1,100 threshold.
At this point, the 9- and 21-day Smooth Moving Average (SMA) lines seem to be approaching a bullish crossover right below recent price activity. Also, the Stochastic Relative Strength Index (RSI) indicator lines continue to rise upwards towards the 120 mark. Consequently, this shows that buyers may be ready to push through nearby resistance marks.
MKR Faces Opposition From Headwinds
While Maker’s price action on the 4-hour market remains largely on an upward course, it could be seen that bears may be presenting some challenges along the way. Here, a red-price candle has just shown up, which represents the ongoing session. This has presented a minimal downward correction.
Nevertheless, price action remains above the MA lines, while the RSI just delivered a bullish crossover around the 40 level of the indicator. As a result, traders may anticipate that price action may receive additional thrust, which will propel price action into regions between the $1,200 and $1,300 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.