The Maker Price Prediction: MKR Continues Bullish Movement
The Maker price is currently hovering around the $1517 resistance level, indicating that it may continue to follow a bullish movement. With a market cap of $1.4 billion and a circulating supply of 977.6 thousand, Maker holds the 35th position on Coinmarketcap.
MKR/USD Market Analysis
Resistance levels for MKR/USD are identified at $1800, $1850, and $1900, while support levels are at $1250, $1200, and $1150.
Based on the current prediction, if the bulls maintain their buying pressure, MKR/USD could reach $1600 as the next positive step. However, if bears enter the market, the coin might retest the support level of $1400.
Maker Price Prediction: MKR/USD May Create Additional Gains
Continuing its upward movement, Maker’s price could potentially break above the $1600 level. This breakout would encourage more buyers to enter the market and push the price towards resistance levels at $1800, $1850, and $1900. On the downside, if the price falls below moving averages, it may hit immediate support at $135.
If this support level is breached, further downside pressure may occur with support expected at around $1250, $1200, and $1150. Additionally, there is a possibility of a bullish trend as the 9-day moving average is likely to cross above the 21-day moving average.
MKR/BTC Begins Upward Movement
In terms of Bitcoin trading (MKR/BTC), Maker’s price is expected to surpass the 9-day and 21-day moving averages. A daily close above the resistance level of 5200 SAT could encourage bulls to extend the rally towards 5500 SAT and beyond. However, a bearish cross below the lower boundary of the channel may reverse the price direction towards the daily support at 4500 SAT.
If further bearish movement occurs, MKR/BTC could reach support levels at 4300 SAT and below. Nevertheless, there is a chance that MKR/USD will continue its bullish trend if the 9-day MA crosses above the 21-day MA.
Alternatives to Maker
In addition to Maker’s success, another prominent player in the crypto space is emerging. This player is gaining attention due to its groundbreaking cloud mining solution and successful presale, which has raised over $2.1 million. Interested buyers are encouraged to act swiftly.
Hot Take: Maker’s Bullish Momentum Continues
The Maker price prediction indicates that MKR will likely maintain its bullish movement as it hovers around the $1517 resistance level. With potential gains and increasing interest in alternative players, Maker continues to be an intriguing cryptocurrency to watch in the market.
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