Maker Price Prediction for Today, December 28 – MKR Technical Analysis

Maker price prediction shows MKR starting a gradual move as the price rises above the moving average.

Maker forecast statistical data:

• Current Maker Price – $1604
• Maker market capitalization – $1.3 billion
• Maker Circulation Volume – 918.8 thousand
• Maker total supply – 977.6 thousand
• Maker CoinMarketCap Ranking – 28th

MKR/USD market

Main level:

Resistance levels: $1800, $1900, $2000

Support levels: $1350, $1250, $1150

MKR/USD continues to hover above its 9- and 21-day moving averages with the coin crossing above the upper border of the channel. However, the $1532 support level is an important support that the price is currently touching. Meanwhile, maker price traded near this level earlier before making an upward move, which made the support level a strong support zone.

Maker Price Prediction: Can Maker Maintain Its Bullish Movement?

Looking at the daily chart, traders can expect further upward momentum if bulls push Maker price above the channel upper limit, potentially breaking the $1650 resistance level. In this scenario, Maker price could target subsequent resistance levels of $1,800, $1,900, and $2,000, respectively.

That said, a decline below the $1500 level, as seen on the daily chart, could invalidate this bullish outlook. In this case, maker price may retreat to find support levels of $1350, $1250, and $1150. Additionally, the 9-day moving average (MA) crossing above the 21-day moving average suggests a continuation of the bullish trend.

MKR/BTC surges above 3800 SAT

Currently, Maker price is trading above the 9-day and 21-day moving averages when linked to Bitcoin. Meanwhile, there are potential signs that the red line of the 9-day moving average may cross the green line of the 21-day moving average, paving the way for the coin to target the immediate resistance of 4000 SAT.

However, if buyers break above the 4000 SAT resistance level, they may face resistance levels above 4500. Conversely, if the bullish momentum weakens, the nearest support level to watch is around 3000 SAT and below.

maker alternative

Maker prices are on an upward trajectory, exceeding the channel cap. MKR/USD is currently trading above the 9-day and 21-day moving averages, suggesting potential bullish sentiment within the channel. Therefore, if the maker price continues to break further upward, it is likely to meet resistance around $1700.

However, while Maker (MKR) has established itself as a major cryptocurrency with a market capitalization of $1.3 billion, the emerging Bitcoin Minetrix token is making waves in its pre-sale phase, securing a notable funding total of over $6.5 million. With its groundbreaking cloud mining solution and incredibly successful pre-sale, Bitcoin Minetrix is ​​quickly establishing itself as a rising star in the cryptocurrency industry.

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more