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The Maker price forecast shows MKR heading north, while the 9-day move points up, suggesting additional gains.
Maker: Recent achievements and historical insights
Over the past month, Maker experienced 18 out of 30 (60%) days of positive growth. Based on our analysis of historical data, investing in Maker has proven to be profitable. Over the past year, Maker’s price rose by a whopping 142.72%. However, over three years, performance saw a slight decline of -8.97%.
Maker Market Price Statistic:
- Maker Price Now: $2755.8
- Makers market cap: $2.3 billion
- Circulating Creator Offer: $923.5K
- Total Creator Offer: $977.6K
- Maker Coin Market Ranking: #100
MKR/USD market
Key Levels:
Resistance levels: $3000, $3200, $3400
Support levels: $2200, $2000, $1800
MKR/USD is currently trading around $2755.8 and once it manages to move above the upper limit of the channel, the next target could be at $2800, which is the crucial level for the coin. However, a push from here could send the price straight above the upper limit of the channel, while the daily low could be spotted at the $2400 support level. Meanwhile, if current levels do not remain strong, the Maker (MKR) could slide to the lower limit of the channel.
Maker Price Prediction: Would Maker Move Up?
Maker price is now facing the uptrend as the coin remains above the 9 and 21 day moving averages. Therefore, if the buyers can put more effort and push the market price above the upper limit of the channel, MKR/USD could reach the resistance levels of $3000, $3200 and $3400 respectively.
On the contrary, a break towards the lower boundary of the channel could take the coin towards the USD 2200, USD 2000 and USD 1800 support levels. Looking at the daily chart, Maker could continue to trend upward as the 9-day MA crosses the 21-day MA, indicating the coin could be trading bullishly.
MKR/BTC is facing the upside
Against Bitcoin, Maker price is currently hovering above the 9 and 21 day moving averages to reach the nearest resistance at 3969 SAT. Meanwhile, unless this resistance effectively holds and the price eventually closes above it, there is no reason to expect a bullish reversal in the long term.
However, if the bears take the coin below the moving averages, it could renew low below 3000 SAT, while a possible bearish continuation could hit the support at 2600 SAT and below. Meanwhile, if Maker price moves towards the upper limit of the channel, it could reach the potential resistance of 5000 SAT and above.
“@0xHecate, who shares insights on X (formerly Twitter) with followers, highlights $MKR as a standout altcoin pick. In my opinion, the weekly structure shows a bullish trend. ????Consider entering at the current market price (CMP). ????I’m happy with closing for a 10% profit. This can be seen as a trading opportunity for scalp.”
$MKR is one of the most beautiful altcoins of the moment!
The weekly structure is bullish.
????Entrance at CMP
????Exit with a 10% advantage, I’m happy with that!
Think of it as a scalp trade.
NFA DYOR pic.twitter.com/rb3EIFGLTF
— Hecate (@0xHecate) March 9, 2024
Maker Alternatives
The Maker price indicates a potential uptrend, ready to cross the upper limit of the channel. However, if Maker price continues its upward momentum, resistance could emerge around $3000. Despite Maker (MKR) being a well-established and stable cryptocurrency, the newly launched Bitcoin Minetrix token is making waves during its pre-sale phase, achieving an impressive fundraising milestone of almost $12.2 million. With its innovative cloud mining solution and remarkably successful pre-sales, Bitcoin Minetrix is quickly gaining attention and recognition within the cryptocurrency sphere.
BitcoinMinetrix Exceeds Expectations: Raises an Unprecedented $10.5 Million!
Bitcoin Minetrix is making waves in the market as it raises almost $12.2 million. This significant achievement is a testament to the strength and potential of the project. Don’t miss the opportunity to be part of this groundbreaking venture.
You can now benefit from Bitcoin Minetrix.
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