- Maker coin price is currently in a consolidated mode with a loss of more than 6% in the intraday session. It may soon cross the level of $4000.
- MKR coin price may remain in between $28k and $24k for a while. In contrast, MKR/BTC pair has seen a loss of more than 2.4% in the intraday session.
MKR coin price has seen a bullish move on the weekly technical chart, and it went up to a maximum of $2800, while crossing above the previous resistance barriers of the past. Maker price is currently down by more than 60% from it’s all time high. It may soon cross the resistance of $3200 to reach the new high.One can invest in MKR as per their risk capacity.
Maker token is ranked 39th in the CMC and has a market dominance of more than 0.17%. The volume of the coin along with the market cap has seen a decrease in the last 4 hours. Volume to market ratio of the MKR coin hints towards a consolidated trend for the future.
Bulls Have Come To Rest After A Short Run In MKR Coin Price
The weekly technical chart of Maker Coin highlights a bullish trend for the future. In contrast, MKR price is trailing near the value of $2621 with an intraday loss of 6%. According to the fibonacci level, the price is facing a resistance near the value of 0.786fib. Resistance for the MKR price while going upwards can be seen near $3200.Meanwhile the support of the price can be found near $2000.
While diving into the daily chart the price is forming a consolidated zone .If the price jumps above the current level then a strong bullish momentum can be seen. MKR/BTC is currently in a slump but can soon revert to the bull trend.
Volume indicator for the MKR coin is near 1.792K with a hint of small buying pressure. Investors can soon see a strong buying surge.
DMA-50, price is near $2696, which acts as another hostile region in the coin. The 50 and 100 DMA price can give a positive crossover in the future.
CONCLUSION
MKR coin price is currently in a consolidated momentum and can soon see an uptrend to the new high. MKR/BTC pair can also see a new high in the upcoming days.
Technical Levels
Resistance: $3200
Support: $2000