Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Maker is up 16.73% today against the US Dollar
MKR/BTC increased by 16.64% today
MKR/ETH increased by 17.28% today
Maker is currently trading 16.82% below our prediction on Dec 08, 2024
Maker gained 96.73% in the last month and is up 56.21% since 1 year ago
Maker price $ 2,311.94 Maker prediction $ 2,779.52 (24.32%) Sentiment Bullish Fear & Greed index 76 (Extreme Greed) Key support levels $ 1,845.49, $ 1,711.18, $ 1,642.19 Key resistance levels $ 2,048.80, $ 2,117.78, $ 2,252.10
MKR price is expected to rise by 24.32% in the next 5 days according to our Maker price prediction
Maker price today is trading at $ 2,311.94 after gaining 16.73% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.75% in the same time period. MKR performed well against BTC today and recorded a 16.64% gain against the world’s largest cryptocurrency.
According to our Maker price prediction, MKR is expected to reach a price of $ 2,779.52 by Dec 08, 2024. This would represent a 24.32% price increase for MKR in the next 5 days.
MKR Price Prediction Chart
Buy/Sell Maker
What has been going on with Maker in the last 30 days
Maker has been displaying a positive trend recently, as the coin gained 96.73% in the last 30-days. The medium-term trend for Maker has been bullish, with MKR increasing by 37.43% in the last 3 months. The long-term picture for Maker has been positive, as MKR is currently displaying a 56.21% 1-year price change. On this day last year, MKR was trading at $ 1,479.98.
Maker reached its all-time high price on May 03, 2021, when the price of MKR peaked at $ 6,244.44. The current MKR cycle high is $ 4,061.18, while the cycle low is at $ 503.28. MKR has been displaying high volatility recently – the 1-month volatility of the coin is at 13.82. Maker recorded 16 green days in the last 30 days.
Maker technical analysis for today - Dec 04, 2024
The sentiment in the Maker markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 1,845.49, $ 1,711.18 and $ 1,642.19, while $ 2,048.80, $ 2,117.78 and $ 2,252.10 are the key resistance levels.
Bullish sentiment for Maker
29 indicators are currently signaling a bullish prediction for Maker, while 4 indicators are showing a bearish forecast. With 88% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Maker.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 76 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Maker moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Maker is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 1,681.71 (BUY) $ 1,601.32 (BUY) - - MA5 $ 1,778.54 (BUY) $ 1,507.54 (BUY) - - MA10 $ 1,782.81 (BUY) $ 1,427.50 (BUY) - - MA21 $ 1,677.35 (BUY) $ 1,424.44 (BUY) -$ 2,027.51 (BUY) $ 1,798.98 (BUY) MA50 $ 1,439.37 (BUY) $ 1,550.61 (BUY) $ 1,501.25 (BUY) $ 1,919.81 (BUY) MA100 $ 1,525.62 (BUY) $ 1,787.29 (BUY) $ 1,255.76 (BUY) $ 1,777.06 (BUY) MA200 $ 2,128.67 (BUY) $ 2,004.10 (BUY) $ 932.26 (BUY) $ 1,367.60 (BUY)
Period Value Action RSI (14) 71.86 SELL Stoch RSI (14) 100.00 SELL Stochastic Fast (14) 98.34 SELL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 59.35 BUY Awesome Oscillator (5, 34) 315.13 NEUTRAL Momentum (10) 351.64 NEUTRAL MACD (12, 26) 19.99 NEUTRAL Williams Percent Range (14) -1.66 SELL Ultimate Oscillator (7, 14, 28) 61.91 NEUTRAL VWMA (10) 1,805.78 BUY Hull Moving Average (9) 1,923.49 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 1,678.34 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Maker is at 71.86, suggesting that MKR is currently overbought.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Maker over the last 50 days. Currently, Maker is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MKR closing price for the last 200 days. MKR is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Maker prediction
After considering the above factors, we can conclude that the current forecast for Maker price prediction is Bullish. MKR would have to increase by 24.32% to hit our $ 2,779.52 target within the next five days. Moving forward, it will be important to monitor the MKR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Maker price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
