Maker Price Prediction for Today, November 14 – MKR Technical Analysis
The Maker price prediction shows that MKR begins with a steady increase above the $1400 resistance as it is currently rising and might rally further.
Maker Prediction Statistics Data:
- Maker price now – $1415
- Maker market cap – $1.3 billion
- Maker circulating supply – 977,631 thousand
- Maker total supply – 977,631 thousand
- Maker CoinMarketCap ranking – #45
Resistance Levels: $1600, $1650, $1700
Support Levels: $1200, $1150, $1100
MKR/USD keeps trading bullish today as the price hovers above the 9-day and 21-day moving averages. Meanwhile, a daily close near the upper boundary of the channel may increase the Maker price to the resistance level of $1500. 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 Begin to Move Higher
According to the daily chart, if the Maker price remains above the moving averages, it is likely to create additional gains within the channel. On that note, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will confirm the presence of the bulls in the market.
Meanwhile, if the bulls fail to push the coin to the upside, the bears may take advantage and bring the market price toward the lower boundary of the channel. However, if the Maker price spikes to the upside, touching the resistance level of $1450 could locate the potential resistance levels at $1600, $1650, and $1700 but sliding below the lower boundary of the channel could bring the price to the supports at $1200, $1150, and $1100.
MKR/BTC May Go Higher
Against Bitcoin, the Maker price is moving to cross above the 9-day and 21-day moving averages as the coin prepares for the bullish movement. However, the coin may spike near the upper boundary of the channel, which could hit the resistance level at 5000 SAT and above.
On the contrary, if the sellers bring the market to the south, traders can expect a bearish drop below the lower boundary of the channel, breaking below this barrier may locate the support at 2500 SAT and below. Meanwhile, the 9-day MA may need to cross above the 21-day MA which could give more bullish signals within the channel.
The Maker price is currently experiencing an upward trend as it is heading toward the upper boundary of the channel. Notably, Maker (MKR) is currently trading above the 9-day and 21-day moving averages, indicating a potential bullish sentiment. Therefore, if MKR manages to break through the resistance level at $1450, it may continue its upward trajectory.
Meanwhile, Maker (MKR) has a market cap of $1.3 billion, making it less likely to experience significant percentage gains in a short period. On the other hand, Bitcoin Minetrix (BTCMTX) has a low market cap, increasing the potential for substantial growth. However, with an ongoing presale that has already raised almost $4 million, BTCMTX presents an attractive investment opportunity for those seeking high-potential, emerging tokens.
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