MKR/USD Trades Above $3000; A Retracement Could Follow

The Maker price prediction shows that MKR is moving higher to stay above the 9-day and 21-day moving averages.

Maker Market Price Statistic:

• Maker price now: $762
• Maker market cap: $750.6 million
• Maker circulating supply: $977.6 million
• Maker total supply: $977.6 thousand
• Maker coin market ranking: #68

MKR/USD Market

Key Levels:

Resistance levels: $930, $950, $970

Support levels: $600, $580, $260

MKR/USD begins the bullish movement as the coin breaks higher aiming to cross into the overbought region. At the moment, the Maker (MKR) is making a gain of almost 7.92% and touches the daily high of $775. However, the crypto is managing to keep its price above the 9-day and 21-day moving averages. Meanwhile, traders can expect Maker to prepare itself steadily for a ride toward the upper boundary of the channel.

Maker Price Prediction: MKR Price Ready for the Upside

In the last few days, the Maker price has been facing the south, trading below the moving averages. At the time of writing, the Maker (MKR) is trading well above the moving averages and it likely crosses above the upper boundary of the channel to continue the bullish movement. However, the ongoing trend may move a little bit higher in the coming week if the 9-day moving average crosses above the 21-day moving average, therefore, any further bullish movement could hit additional resistance levels at $930, $950, and $970 respectively.

However, a bearish drop below the moving averages may roll the market back below the moving averages and to the initial support level of $730. Meanwhile, the support levels could be located at $600, $580, and $560. As the trading volume increases, the technical indicator Relative Strength Index (14) moves above the 50-level which indicates that more bullish signals may come to play.

When compares with Bitcoin, Maker is currently trading above the 9-day and 21-day moving averages. The price is changing hands at 3276 SAT as the technical indicator Relative Strength Index (14) moves above the 50-level. However, the daily chart reveals that the coin is retreating after touching the daily high of 3400 SAT.

On the contrary, the critical support levels are located at 2600 SAT and below. Meanwhile, a higher sustainable move may likely attract new buyers to the market with the next resistance at 3800 SAT and above.

Maker Alternatives

As the Maker price continues to move to the upside, the technical indicator Relative Strength Index (14) is moving into the positive region and also nurturing a bullish divergence within the channel. Therefore, should in case the bulls maintain or increase their pressure, the resistance zone of $800 will be broken and the Maker (MKR) could have its high resistance level of $850. Meanwhile, the Fight Out token will provide pathways for professional athletes such as boxers, and other types of athletes as well, with a “styles make fights” approach that creates tailor-made fitness programs for particular sports and activities.  The presale is still on and close to $5m has been reached within the short period.

Fight Out (FGHT) – Move to Earn in the Metaverse

• CertiK audited & CoinSniper KYC Verified
• Early Stage Presale Live Now
• Earn Free Crypto & Meet Fitness Goals
• LBank Labs Project
• Partnered with Transak, Block Media
• Staking Rewards & Bonuses