Maker Price Prediction: Will MKR Break $1000 Level?
The Maker price has seen a 2.71% increase in the past 24 hours, reaching the $931.7 level. Here are the key points to consider:
- Maker’s current price is $915.2 with a market cap of $897.6 million.
- The resistance levels to watch are $1100, $1200, and $1300.
- Support levels can be found at $700, $600, and $500.
- The 9-day MA remains above the 21-day MA, indicating a bullish trend.
- The Relative Strength Index (14) is moving above the 60-level, further supporting bullish signals.
If buyers can keep the price above the moving averages, Maker may see a spike above the $1000 level. However, if sellers take control, the market may turn bearish. The first level of resistance is at $950, with potential levels at $1100, $1200, and $1300. Support can be expected at $700, $600, and $500.
In comparison to Bitcoin, Maker is trading within the moving averages. The nearest resistance level is at 3400 SAT, with higher resistance at 3600 SAT and beyond. If selling pressure prevails, support can be found at 2400 SAT and lower.
The daily chart indicates that if the 9-day MA remains above the 21-day MA, it confirms the presence of bulls in the market. Meanwhile, Maker has leveraged the meme coin frenzy and raised nearly $16 million in its presale phase, showing growing investor interest.
Overall, Maker shows potential for a bullish trend and a possible breakout above $1000.
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