Maker Price Prediction for Today May 15th – MKR Technical Analysis

adminMay 15, 2024

join us telegram A channel to stay up to date on breaking news coverage

Maker price prediction predicts a price increase of 4.69% over the last 24 hours of trading as the cryptocurrency reaches the $2805.2 level.

Maker (MKR) price surges 20% after founder sells 12 billion SHIB and 75,000 LDO

In a volatile cryptocurrency market, Maker’s native token, MKR, surged nearly 20% after co-founder Rune Christensen swapped a large amount of Shiba Inu (SHIB) and Lido DAO (LDO) tokens for MKR. This important asset exchange has boosted the value of MKR on both the Ethereum platform and the broader cryptocurrency market.

Maker forecast statistical data:

Current Maker Price – $2803.1
Maker Market Cap – $2.59 billion
Maker Circulation Volume – 925.4 thousand
Maker total supply – 977.6 thousand
Maker CoinMarketCap Ranking – 45th

MKR/USD market

Main level:

Resistance levels: $4000, $4200, $4400

Support levels: $1600, $1400, $1200

Maker Price Prediction for Today May 15th - MKR Technical Analysis — MKRUSD – daily chart

MKR/USD is currently up 4.69% in the last 24 hours from $2681.8 to $2805.22. If the red line of the 9-day moving average approaches the intersection above the green line of the 21-day moving average, makers may experience further upside. The current trend is moving back into bullish territory as buyers increasingly enter the market.

Maker Price Prediction: Maker (MKR) is poised to surge above $3,000.

If buyers push the price above the 9-day and 21-day moving averages, the maker price may need to rise above $3000. A further bullish move could lead to the nearest resistance level of $3200. On the other hand, if sellers take the market movement lower, traders may think the market is bearish.

Nevertheless, on the upside, the first resistance level is at $3500, with potential resistance levels at $4000, $4200, and $4400. Moreover, if sellers take the price below the lower limit of the channel, traders can expect support to be located at $1600, $1400, and $1200, with the 9-day MA crossing over the 21-day MA, sending a further bullish signal.

MKR/BTC Could Be Heading Downward

Regarding Bitcoin, Maker (MKR) is trading below its 9-day and 21-day moving averages as the coin crosses downward the lower boundary of the channel. From above, if the bulls re-enter the market, the nearest resistance level is likely to hit 4500 SAT. Higher resistance could be located above 5500 SAT.

On the other hand, if selling pressure forms a new low and crosses the channel downwards, lower support could be found below 3000 SAT. Meanwhile, buyers may need to gather momentum to push the coin above the moving average, which could show that the market is gearing up for an uptrend.

@Shady_ocs_16 notified his followers on

$MKR
Closed with profit https://t.co/3rpTWecK4v
— $K☰W (@Shady_ocs_16) May 13, 2024

Alternative to Maker

Maker (MKR) price is signaling a bullish move with the potential to surge towards the channel upper limit. However, if Maker continues its upward momentum, it may face resistance near the $3500 level. While Maker remains a reputable and stable cryptocurrency, its newly launched Dogeverse token has garnered significant attention during the pre-sale phase, achieving an impressive fundraising milestone of over $15 million. By incorporating multi-chain interoperability and passive income potential, Dogeverse positions itself as an attractive option for both serious DeFi investors and meme coin enthusiasts.

Don’t wait: the 100x pre-sale is ending soon. Get started right now!

Don’t miss this special opportunity. Act now and invest in Dogeverse tokens before the 100x pre-sale ends! The pre-sale is ending soon, so here’s your chance to get in early and maximize your earning potential. The Dogeverse token promises significant growth, and participating in the pre-sale will allow you to secure your position at the most advantageous time.

You can enjoy the benefits of Dogeverse now.