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The Maker price forecast sees a 0.18% price increase over the past 24 trading hours as the cryptocurrency touches the $1778.9 resistance level.
Maker prediction statistics:
- Maker Price Now – $1739.5
- Market cap of creators – $1.6 billion
- Maker circulating supply – 920 thousand
- Total offer maker – 977.6 thousand
- Maker Coinmarketcap Ranking – #91
MKR/USD market
Key Levels:
Resistance levels: $2100, $2200, $2300
Support levels: $1400, $1300, $1200
MKR/USD could move higher as the coin gains 0.18% after hitting the daily low at $1669. Maker price may be trending upward as the red line of the 9-day MA remains above the green line of the 21-day MA. As of this writing, the move is shifting back to bullish favor, but any bearish move below the 9-day MA could push the price down to the $1600 support level.
Maker Price Prediction: Maker (MKR) poised for a spike above the $1800 level
The Maker price may need to rise above $1800 if buyers keep the price above the 9 and 21 day moving averages. On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower side.
However, on the upside, the first resistance level is at $1750, while the potential resistance levels are at $2100, $2200 and $2300. Moreover, if the sellers take the price towards the lower limit of the channel, traders can expect the support to be at $1400, $1300 and $1200 while the 9-day MA remains above the 21-day MA to provide more bullish signals .
MKR/BTC could move to the upside
Against Bitcoin, Maker price is hovering above the 9 and 21 day moving averages as the coin moves towards the upper limit of the channel. From the above, the nearest resistance level is likely to reach 4500 SAT if the bulls increase buying pressure. Above that, higher resistance could be found at 5000 SAT and above.
On the other hand, if selling pressure creates a new low and moves below the 21-day moving average, lower support may be found at 3000 SAT and below. Meanwhile, the 9-day moving average continues to hover above the 21-day moving average, indicating that the market may be preparing for an uptrend.
Alternatives to Maker
According to the daily chart analysis, there is a high potential for the Maker price to cross the upper limit of the channel if the Maker price remains above the 9-day and 21-day moving averages. Furthermore, looking at the daily chart, the 9-day moving average maintaining a position above the 21-day moving average would indicate bullish market conditions.
Meanwhile, the $BTCMTX token has reached a presale value of almost $7.8 million in the ongoing presale phase. Unlike established tokens like Maker (MKR), Bitcoin Minetrix shows significant potential for higher returns due to its early success. Investors are encouraged to explore $BTCMTX’s growth prospects given strong pre-sale momentum and community interest.
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