- MKR performed a negative momentum on Thursday’s trading session
- Maker price is $2281.15, which is down by 3.71% in the last 24-hour time-frame and 14.21% down from the previous week
- MKR/BTC pair is positive with a gain of 1.35% in Thursday’s trading session (0.045641)
Maker had positive momentum on the weekly chart, and it went up to $3041.57 on February 20, 2021, while breaking above the resistance zones created in the past. Whereas, Maker price set a mark of an all-time high. Meanwhile, the trading volume of $95,179,141 in the last 24-hour time-frame represents a decrease in the value of 50.60%. The MKR/ETH pair is neutral with a value of (1.4035) which is 0.44% in Thursday’s trading session.
Maker Technical Chart Indicates a Positive Momentum
The technical chart of Maker highlights a positive trend. In contrast, Maker price is at $2281.15. According to pivot points, the critical support level for MKR is placed at $2130.0, whereas if it moves up, the key resistance level to watch is $2394.0. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern.
Volume indicator with the value (75.936K) reflects a low buying volume in coin. Investors can expect an increase in buying volume in the upcoming trading sessions.
SMA-200, price is at $2124.6, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (BULLISH), bullish crossover signal line spotted on February 25, 2021, indicated a buy signal in the coin during the trading session. Also, it denotes the beginning of green bars on Histogram.
Meanwhile, the RSI indicator (NEUTRAL) with a value of 47.52 indicates a neutral signal in the coin. One can observe an increase in value in upcoming trading sessions.
Conclusion
Maker price is down by 3.71% on Thursday’s trading session. The price is above the SMA of $2130.0. Investors can see the price got a pullback from the SMA, furthermore continues its bullish momentum, and Investors may expect a rise in upcoming trading sessions. All technical indicators suggest a buy signal in the coin.
Resistance: $2394.0
Support: $2130.0