The Maker price prediction shows that MKR begins with a steady increase above the $2,400 resistance as it is currently rising and might rally further.
Maker Prediction Statistics Data:
Maker price now – $2,652.1
Maker market cap – $2.47 billion
Maker circulating supply – 930,159 thousand
Maker total supply – 977,631 thousand
Maker CoinMarketCap ranking – #41
Since reaching its all-time low of $21.06 on January 30, 2017, the Maker (MKR) has surged by a staggering 12,515.63%. Despite a decline of 58.09% from its peak of $6,339.02 on May 3, 2021, the current trading range of $2,483.98 to $2,669.63 underscores considerable growth from its inception. This underscores the potential for substantial returns for early adopters navigating the volatile landscape of cryptocurrency.
MKR/USD Market
Key levels:
Resistance Levels: $3,200, $3,300, $3,400
Support Levels: $2,000, $1,900, $1,800
MKRUSD – Daily Chart
MKR/USD keeps trading bullish today as the price hovers above the 9-day and 21-day moving averages. A daily close near the upper boundary of the channel may increase the Maker price to the resistance level of $2,800. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.
Maker Price Prediction: MKR May Gain More Uptrends
Despite this positive outlook, the Maker (MKR) price faces significant short-term resistance between $2,550 and $2,650, making it advisable to buy in the immediate term. However, the market is likely to respect this resistance, potentially leading to a pullback to $2,500 or $2,400 respectively. Meanwhile, the long-term prospects remain strong, with the potential for MKR to break this resistance and rally to $2,900 or $3,000, provided the market reacts positively after the anticipated pullback. Nevertheless, the resistance levels of $3,200, $3,300, and $3,400 may play out if the bullish movement continues.
On that note, investors should closely monitor the $2,700 level for signs of a breakout, supported by ongoing bullish momentum indicators such as the 9-day moving average could make a bullish cross above the 21-day moving average. While the long-term outlook is promising, it is crucial to remain cautious of short-term market dynamics as any bearish movement may locate the support levels of $2,000, $1,900, and $1,800.
MKR/BTC Goes Bullishly
Against Bitcoin, the Maker price is moving to cross above the upper boundary of the channel as the coin prepares another bullish movement. However, MKR/BTC may create additional gains, which could hit the resistance level at 5300 SAT and above.
MKRBTC – Daily Chart
On the contrary, if the sellers bring the market to the south, traders can expect a bearish drop below the moving averages, breaking below this barrier may locate the support at 3500 SAT and below. Meanwhile, the 9-day MA may need to remain above the 21-day MA, suggesting more bullish signals within the channel.
Moreover, @Impulse606, with over 10,000 followers on X (formerly Twitter), highlighted that $MKR boasts one of the most visually appealing weekly charts in the market.
$MKR probably has one of the best looking weekly charts out there pic.twitter.com/UUPN0f31dR
— Impulse (@Impulse606) July 13, 2024
Maker Alternatives
Maker (MKR) is experiencing an upward trend, trading above its 9-day and 21-day moving averages. If it breaks the $2700 resistance, further gains are possible, though its $2.47 billion market cap may limit short-term percentage increases. Meanwhile, PlayDoge has raised $5.6 million in its presale, indicating strong investor confidence. These funds are being used to enhance the game’s features, including a robust web3 website and a high-quality game demo.
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