- MKR coin price spiked from $3086 to $3128 on Monday’s trading session
- The 24-hour volume in MKR is at $107.97 Million
- The MKR/BTC pair was trading at 0.07935 BTC with a loss of 1.40%
The daily technical chart of the MKR coin price action forecasts an uptrend. According to pivot points, MKR’s critical support level is placed at $2200. Whereas if it pushes up, the key resistance level to watch is $3905. While diving into the chart deeply, it forms a Doji candlestick pattern representing bulls and bears both failed to gain the upper hand over the price move.
The Moving Average Exponential (EMA), consisting of 200-EMA, acts as unbroken support in the asset price movement. Investors may witness the price is underneath the red line, so until the price rests below the EMA, it will assure a downtrend in ZEC.
According to the Stochastic RSI indicator (BEARISH), with a value of K-35 D-17, it indicates a selling situation in the coin. Moreover, Investors can see a slight upward slope and a positive crossover in the index, which may surge in future trading sessions.
The volume oscillator (-32.62%) represents a negative momentum. Positive Momentum is required in Maker to sustain the price at higher levels.
The Parabolic SAR also suggests a sell signal in intraday, and Until the yellow dots remain above the price candlesticks, it will assure a bearish trend in Maker positionally.
Maker (MKR) Coin Price May Plunge, Indicators Suggests
MKR coin price traded at $3128 with a gain of 7.2% in the last 24-hour and 10.4% down weekly. Furthermore, the Maker price is moving above its support zones. In contrast, market capitalization stands at $3.21 billion. Technically, investors can perceive the price sustains above the EMA-200. The Stochastic RSI is bearish, but it may surge in the upcoming days with a positive crossover. A negative Momentum in volume oscillator is presented. Hence, The Parabolic SAR also Suggests a sell signal. Moreover, the price movement may cool down a bit in future trading sessions.
Resistance: $3905
Support: $2200