Maker Price Prediction for Today, October 23

Maker Price Prediction for Today, October 23 – MKR Technical Analysis

Updated: 23 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Maker price prediction reveals that MKR may continue to follow the bullish movement as the coin hovers around the $1517 resistance level.

Maker Prediction Statistics Data:

Maker price now – $1517
Maker market cap – $1.4 billion
Maker circulating supply – 977.6 thousand
Maker total supply – 977.6 thousand
Maker Coinmarketcap ranking – #35

MKR/USD Market

Key Levels:

Resistance levels: $1800, $1850, $1900

Support levels: $1250, $1200, $1150

Maker Price Prediction for Today, October 23 – MKR Technical Analysis — MKRUSD – Daily Chart

Based on the current prediction, MKR/USD could hit $1600 in the next positive step, if the bulls continue to increase the buying pressure. The Maker price is currently trading at $1517.5, although the coin touches the daily high of $1531.7 resistance level above the 9-day and 21-day moving averages, it could probably retest $1400 if the bears step into the market.

Maker Price Prediction: MKR/USD May Create Additional Gains

At the time of writing, the Maker price keeps following the upward movement and a break above the $1600 level could encourage more buyers to increase their entries, pushing the price to the resistance levels of $1800, $1850, and $1900. On the downside, if the price breaks below the moving averages and heads toward the lower boundary of the channel; it could hit the nearest support level of $135.

Nonetheless, if the support as mentioned earlier is broken, the downside pressure may increase while the next support may be created at around $1250, $1200, and $1150. Meanwhile, the 9-day moving average is likely to cross above the 21-day moving average to increase the bullish movement.

MKR/BTC Begins the Upward Movement

Against Bitcoin, the Maker price is likely to cross above the 9-day and 21-day moving averages, and a daily close above the resistance level of 5200 SAT could encourage the bulls to extend the rally towards 5500 SAT and above. On the contrary, any bearish cross below the lower boundary of the channel could reverse the Maker price direction toward the daily support at 4500 SAT.

However, any further bearish movement could take the coin to the support of 4300 SAT and below. Meanwhile, there is a possibility that MKR/USD may continue the bullish trend if the 9-day MA crosses above the 21-day MA.

Alternatives to Maker

The Maker price keeps enjoying an increased interest which is helping the coin to stay above the 9-day and 21-day moving averages. However, at the time of writing, Maker (MKR) is hovering at $1517 after hitting a high of $1531 today. Therefore, the coin may create additional gains if the bulls increase the pressure.

Nevertheless, the Bitcoin Minetrix is emerging as a prominent player. Its ground-breaking cloud mining solution and highly triumphant presale have thrust it into the limelight. Meanwhile, during its presale phase, the token has raised over $2.1 million as interested buyers are encouraged to act fast.

New Crypto Mining Platform - Bitcoin Minetrix

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