- The Maker coin price is positive, around 1.3% during intraday.
- The 24-hour trading volume is at $90 million.
- MKR/BTC pair is trading negative by 1.6% at 0.04286998 BTC.
Maker coin daily technical chart and price trend show a downtrend. Based on the pivot point, the support zone is 1600 USDT. Another way to look at it is that if you rush, the resistance level to watch is 3500 USDT. Therefore, the chart created a Doji candlestick pattern during the day, and the cost is confident that it will remain sideways with unwavering medium strength over a short period of time.
The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles below the red band. This guarantees a plunge in Maker until it is below the ribbon.
Trading volume (125.199 K) is below the 20-day moving average (499.22 K). The volume is low, so the cost struggles below the pivot point. Investors may also notice that the volume bar on the chart becomes low. This indicates that unusual volatility is common on the following trading days.
The Stochastic RSI (bullish) with a value of K-87 D-77 provides a buy signal in currency. Investors can observe steep index slopes and positive crossover, which can stay in the positive realm for future trading sessions.
Long-Term Perspective of Maker Coin Price Trend
The weekly technical chart and price trend of MKR coin show a bullish trend. Based on the pivot levels, the support zone is $1600 USDT. On the upside, if it breaks, the level of resistance to search is $5400. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.
Maker value today is $2,547.03 with a 24-hour exchanging volume of $90,971,376. MKR cost is up 1.3% as of now. It has a flowing inventory of 900 Thousand MKR coins and a complete stockpile of 991 Thousand The Stochastic RSI points to a buying signal, and the traders have prompted low volume. In fact, the cost moves below the pivot levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $3500 & $5400
Support Level: $1600