Maker (MKR) has experienced a significant decline, losing 3.27% against the US Dollar in the last 24 hours, and underperforming the broader cryptocurrency market, which saw a 3.69% decrease. Over the past month, MKR has dropped by 18.69%, and it is currently trading 27.00% below the predicted price of $1,612.74 for November 8, 2024. The coin is also down 12.28% compared to its value a year ago.

The market sentiment for Maker remains bearish, with 26 indicators signaling a negative forecast. Despite a Fear & Greed index reading of 69 (Greed), suggesting investor optimism, the overall outlook for MKR is pessimistic. Key support levels to watch are $1,184.97, $1,159.88, and $1,118.47, while resistance levels are at $1,251.47, $1,292.88, and $1,317.97.

Given the current market conditions and technical indicators, the forecast for Maker remains bleak, with significant volatility expected in the near term.