Maker Price Prediction for Today, August 3: MKR/USD Keeps the Uptrend as Price Hits $1339

Updated: 18 August 2023

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The Maker price prediction begins a progressive movement as the price increases above the moving averages to hit the daily high.

Maker Prediction Statistics Data:

Maker price now – $1324
Maker market cap – $1.2 billion
Maker circulating supply – 977.6 thousand
Maker total supply – 977.6 thousand
Maker Coinmarketcap ranking – #28

MKR/USD Market

Key Levels:

Resistance levels: $1600, $1700, $1800

Support levels: $1000, $900, $800

Maker Price Prediction for Today, August 1: MKR/USD Keeps the Uptrend as Price Hits $1339 — MKRUSD – Daily Chart

MKR/USD keeps hovering above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, the $1180 support level is the critical support where the price touched today. Meanwhile, the Maker price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.

Maker Price Prediction: Can Maker Keep the Bullish Movement?

The Maker price is likely to gain more if the bulls could cross above the upper boundary of the channel. It may continue its upward movement by breaking the resistance level of $1400. Therefore, any further bullish movement may take the coin to the potential resistance levels of $1600, $1700, and $1800.

However, as revealed by the daily chart, the current prediction may be invalidated should the bears bring the coin below the $1100 level, and the Maker price may fall to the low of $1000, $900, and $800 support levels. Moreover, the technical indicator Relative Strength Index (14) is moving within the overbought region; suggesting more bullish movements.

Against Bitcoin, the Maker price is currently trading above the 9-day and 21-day moving averages. However, the red line of the 9-day moving average may likely keep hovering above the green line of the 21-day moving average which allows the coin to touch the nearest resistance of 4584 SAT

However, if the buyers could push the price above the resistance level of 5000 SAT, higher resistance could be located at 5500 SAT and above. Moreover, should bulls fail to move the coin upward, the nearest support level could be located at 3500 SAT and below. Nevertheless, the technical indicator Relative Strength Index (14) keeps hovering within the overbought region, which indicates that buyers may continue to dominate the market.

Alternatives to Maker

The Maker price keeps hovering above the 9-day and 21-day moving averages in other to guide against the downward pressure. Meanwhile, the coin may spike toward the upper boundary of the channel to create additional gains. Maker has a high market cap of 1.28Bn, while Wall Street Memes will have a lower market cap, being a new project and will have more upside potential

The Wall Street Memes token happens to be one of the most successful tokens of the year. Meanwhile, by leveraging a massive community behind it, the $WSM token is speeding through a highly successful presale at the moment as almost $20 million has been raised so far.

New OKX Listing - Wall Street Memes

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