- The Maker crypto is a downtrend, around -4.3%, during the intraday trading session.
- The 24-hour trading volume is at $83 million.
- MKR/BTC pair is trading negative by -3.3% at 0.06159048 BTC.
Daily technical chart and price trend of Maker crypto is showing a downward trend. Based on the pivot level, the initial support level is 2150 USD. From another perspective, if it accelerates, the resistance level to watch is 3450 USD. Although the chart created a bearish harami candlestick pattern during the day, the price is expected to plunge with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price slips below the Green Moku Cloud and now trades below the Green Moku Cloud, ensuring the bear trend of MKR if the Moku cloud turns to RED.
Trading volume (130.544 K) is beneath the 20-day moving average (518.656 K). In short, the low volume caused the price to drop below the support zone. Investors may also notice that the volume bars on the chart are declining, which indicates that surprising volatility is expected in the next trading days.
The CCI indicator is in an (Oversold) region with -127, projecting a buy signal in the coin. Investors may observe an inclining slope from -305 to -127. It may surge in future trading sessions.
Maker Crypto if Not Recovered May Plunge 20%
The price of Maker today is US$2,764.86, and the 24-hour trading volume is US$83,246,668. The price of MKR has fallen -4.3% in the past 24 hours. 900,000 MKR coins in circulation, with a total of 991,000. The CCI indicator shows a sell sign, and the traders have led to low volume. Technically, the price drops below the support region and continues in a downtrend. Accordingly, as with the overall market viewpoint, the trend remains bearish for upcoming trading sessions.
Resistance Level: $3450
Support Level: $2150