- With the help of buying pressure, the price trend of Maker coin shows an upward trend.
- MKR/BTC pair is trading positive by 7.3% at 0.0864328 BTC
- The 24-hour volume in Maker is $170.53 Million
The daily technical chart of Maker coin price breaches above the resistance level of $2835. According to Fibonacci Bollinger Bands (FBB), MKR’s crucial support level is $2835. On the opposite, if it moves up, the necessary resistance level is at $3680. Thus, while the intraday chart forms a Bearish Harami candlestick pattern, predicting prices may soon reverse to the downside with average dependability.
Supertrend (bearish) indicator issued a sell signal on May 19, indicating that the currency is descending. In addition, investors may see that the price is below the red Supertrend signal, so it will guarantee the downtrend of MKR until the price stays below the red Supertrend.
Volume of (4.253K) is beneath the MA of 20-days (5.191K). Buying pressure is high in Maker, making its price remain towards the positive zone. Investors may also observe diminishing volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The MACD indicator gives (bullish) crossover across the signal line on June 29, indicating a buy signal in the coin. Moreover, Investors can see multiple green bars in the Histogram index.
Maker (MKR) Coin Gives Healthy Returns Upto 33% in a Week
Maker coin is at $2965.80, with a daily gain of 7.3% and a weekly drop of 33.3%. In addition, price recovered from the support level. The MACD shows a buy signal, and the traders have guided the high buying pressure. Technically, the price is showing and breached above the resistance level. Therefore, as with overall market sentiment, the trend remains bearish with a small pump in price levels.
Resistance: $3920
Support: $2205 & $1120