- The Maker token price is in an uptrend, around 5.7%, during the intraday trading session.
- The 24-hour trading volume is at $70 million.
- MKR/BTC pair is trading positive by 13.3% at 0.05790813 BTC.
Daily technical chart and price trend of Maker token are showing a bullish trend. Based on the pivot level, the first support zone is 2300 USDT. From another perspective, if it rushes, the resistance level to watch is 3100 USDT. Thus, the graph made a bullish engulfing candle pattern yesterday, and the cost is relied upon to remain upside with unwavering high force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost is below the red ribbon, so it will guarantee a downswing in MKR until it’s below the ribbon.
Trading volume (510) is underneath the 20-day moving average (3.223 K). To put it plainly, the volume is low, making the cost struggle at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.
The Schaff Trend Cycle indicator (bearish) with a 0 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward curve in the index.
Maker Token Price Action Looks Bearish on Charts
The Maker price today is $2,560.47 with a 24-hour trading volume of $70,785,431. The price of MKR has risen 5.7% in the last 24 hours. It has a quantity in circulation of 900 thousand MKR coins and a total quantity of 991 thousand. The STC points to a selling indication, and the traders have prompted low volume. In fact, the cost struggles at the support level. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.
Resistance Level: $3100
Support Level: $2300