- The MKR token price breaks above the 55-EMA during intraday
- The 24-hour trading volume is at $167 million.
- MKR/BTC pair is trading positive by 2.4% at 0.04871303 BTC.
Moving Average (EMA) In the MKR token daily price chart containing 8,13,21,55 EMA, it is reliable support for currency price movements. Investors can find that price moves above the yellow line and guarantee an uptrend for MKR as long as prices are above the moving average.
Trading volume (1.033 K) is below the 20-day moving average (5.987 K). The volume is low, so the cost slows down. Investors may also notice a decrease in volume. This indicates that unusual volatility is common on the following trading days.
MKR Token Price Requires High Volume to Reach Resistance
The daily price chart of MKR token is on the rise. Depending on the price movement, the support range is between $2200 and $2400. On the flip side, the resistance area you should be looking for is $3800- $4000.
The RSI showed a signal of 64 (bullish) with a short-term buy forecast. Investors may find that the indicator’s RSI line is sloping upwards. A rise can happen on future trading days.
The MACD shows a (bullish) cross above the signal line on November 02, indicating a buy signal for the currency. In addition, investors can see green bars in the histogram indicator.
Conclusion
The maker’s price today is $3,012.02 on a 24-hour trading volume of $167,374,390. MKR prices have increased 3.6% in the past 24 hours. Circulation amount of 900 thousand MKR coins and the total amount of 991 thousand.
RSI and MACD indicate a buy signal. Traders have directed low volume. In fact, the cost is moving towards the resistance zone. A market overview also shows that this pattern will continue to surge in the coming trading days.
Resistance Level: $3800- $4000
Support Level: $2200- $2400