Should MKR break below $2000, it could set up a multi-month downtrend for the currency. There’s still plenty of time to keep your eye on this one though as we approach 2019.
The “maker coin price prediction” is a cryptocurrency that has been down for the past few days. The currency is now poised for more downturns below $2000.
7th of March Maker Price Analysis
After retreating from the daily high of $1815, the Maker price forecast is anticipated to record additional downtrends.
MKR/USD Exchange Rate
Levels of importance:
Levels of resistance: $2000, $2100, and $2200
$1500, $1400, and $1300 are three levels of support.
MKRUSD – Daily Chart MKRUSD – Daily Chart MKRUSD – Daily
MKR/USD retreats after hitting a daily high of $1815 as the currency falls and might fall below the channel’s bottom barrier. Maker’s price is still below its 9-day and 21-day moving averages. As the signal line travels around the 40-level, the technical indicator Relative Strength Index (14) suggests growing negative momentum, suggesting that market sentiment may continue to be bearish or move sideways.
Maker Price Analysis: Will MKR Surge Higher?
The Maker price continues to trade below the 9-day and 21-day moving averages, indicating a downward trend. If the Maker price climbs and breaks above the channel’s upper threshold, the currency may resume its upward trajectory and retest the prior high. The closest resistance levels are $2000, $2100, and $2200, respectively, while the nearest support levels are $1500, $1400, and $1300, indicating a low trading activity.
MKR/BTC Market: Price Is Still Declining
In comparison to Bitcoin, the Maker price has yet to break through the 9-day and 21-day moving averages. If the Maker price persists on the decline, the next support level might be 4200 SAT, with further important support at 4000 SAT and lower if the sell-off becomes massive.
MKRBTC – MKRBTC – MKRBTC – MKRBTC
On the upside, the MKR price might challenge the 4800 SAT barrier if the bulls can regroup and push the price above the moving averages. Any more resistance is found at 5000 SAT and above, as the technical indicator approaches the 50-level, and a break above this level might bring further positive pressure to the market.
The “maker crypto chart” is a long-term chart that shows the price of Maker, a cryptocurrency. The chart has been showing a downtrend since November 2018 when it was trading at $2250. It has now fallen to $2000 and is poised for more downward movements.
Frequently Asked Questions
What is MKR price?
A: MKR is currently priced at $0.063 per token, with a total supply of 9 billion tokens.
What is maker MKR token?
A: Maker MKR is an ERC20 compliant token that allows users to participate in the Decentralized Autonomous Organization (DAO), as well as request services from or provide services for other DAOs.
Is MKR a cryptocurrency?
A: MKR is not a cryptocurrency. Its just an acronym for Monetary Kin Token.
