Maker Price Prediction for Today, March 13: MKR/USD Could Hit $1100 Resistance

The Maker price prediction shows that MKR begins with a steady increase above the $950 level. It is currently rising toward the $1000 level.

Maker Prediction Statistics Data:

• Maker price now – $919.6
• Maker market cap – $897.1 million
• Maker circulating supply – 977.6 thousand
• Maker total supply – 977.6 thousand
• Maker Coinmarketcap ranking – #54

MKR/USD Market

Key levels:

Resistance Levels: $1150, $1200, $1250

Support Levels: $750, $700, $650

MKR/USD looks green today as the price hovers around the resistance level of $919. A daily close above the upper boundary of the channel may increase the Maker price to the resistance level of $1000. However, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.

Maker Price Prediction: Maker Price May Begin to Move Higher

According to the daily chart, if the Maker price remains above the 9-day moving average, it is likely to break above the upper boundary of the channel. On that note, the daily chart reveals that if the 9-day moving average remains above the 21-day moving average, it will confirm the presence of the bulls in the market. Meanwhile, if the bulls failed to push the coin to the upside, the bears may take advantage and bring the market price below the lower boundary of the channel

However, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level. If the Maker price stays above the 9-day and 21-day moving averages, crossing above the upper boundary of the channel may locate the resistance levels at $1150, $1200, and $1250 but sliding below the lower boundary of the channel may bring the price to the supports at $750, $700, and $650.

When compares with Bitcoin, the Maker price is hovering within the 9-day moving average as the intraday trading is ranging. Meanwhile, if the Maker price heads to the upside, it may cross above the upper boundary of the channel, which may likely hit the resistance level at 4800 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall below the lower boundary of the channel, breaking below this barrier may locate the support at 3200 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 50-level, suggesting a bearish movement for the coin.

Alternatives to Maker

The Maker price is seen fluctuating after recording a tremendous gain above the channel. Therefore, as buyers gather momentum, it is likely for the coin to continue the upward movement and bulls could keep the coin above the 9-day and 21-day moving averages. At the moment, the Fight Out (FGHT) token is more than midway through its presale and has thus far experienced dramatic success, having now raised close to $6m.