Join Our Telegram channel to stay up to date on breaking news coverage
The Maker price prediction sees a 4.69% price increase over the past 24 hours of trading as the cryptocurrency touches the $2805.2 Level.
Maker (MKR) Price Soars 20% After Founder Sells 12 Billion SHIB & 75K LDO
In a volatile crypto market, Maker’s native token, MKR, surged nearly 20% after co-founder Rune Christensen exchanged large amounts of Shiba Inu (SHIB) and Lido DAO (LDO) tokens for MKR. This significant asset swap boosted MKR’s value both on the Ethereum platform and in the wider cryptocurrency market.
Maker Prediction Statistics Data:
- Maker price now – $2803.1
- Maker market cap – $2.59 billion
- Maker circulating supply – 925.4 thousand
- Maker total supply – 977.6 thousand
- Maker Coinmarketcap ranking – #45
MKR/USD Market
Key Levels:
Resistance levels: $4000, $4200, $4400
Support levels: $1600, $1400, $1200
MKR/USD is at the moment seeing a 4.69% price increase since the past 24 hours, climbing from $2681.8 to $2805.22. Maker could experience further gains as the red line of the 9-day MA approaches a crossover above the green line of the 21-day MA. Currently, the trend is shifting back into bullish territory, with buyers gradually entering the market.
Maker Price Prediction: Maker (MKR) Ready for a Spike above $3k
The Maker price may need to rise above $3000 if the buyers push the price above the 9-day and 21-day moving averages. Any further bullish movement may locate the nearest resistance level of $3200. Meanwhile, traders may consider the market as bearish if the sellers take the market movement to the lower side.
Nevertheless, toward the upside, the first level of resistance lies at $3500, while the potential resistance levels lie at $$4000, $4200, and $4400. Moreover, if the sellers bring the price below the lower boundary of the channel, traders may expect supports to be located at $1600, $1400, and $1200 while the 9-day MA may cross above the 21-day MA to give more bullish signals.
MKR/BTC May Head to the Downside
Against Bitcoin, Maker (MKR) is trading below the 9-day and 21-day moving averages as the coin moves to cross below the lower boundary of the channel. From the above, the nearest resistance level is likely to touch 4500 SAT if the bulls resume into the market. Above this, higher resistance could be located at 5500 SAT and above.
On the other hand, if the selling pressure creates a fresh low and crosses below the channel, lower support may be found at 3000 SAT and below. Meanwhile, the buyers may need to gather momentum and push the coin above the moving averages, which could show that the market may be preparing for an uptrend.
@Shady_ocs_16 informed his followers on X (formerly Twitter) that $MKR is approaching a profitable close, highlighting the token’s strong performance and potential for continued gains.
Closing this one in profits https://t.co/3rpTWecK4v
— $K☰W (@Shady_ocs_16) May 13, 2024
Alternatives to Maker
The Maker (MKR) price is signaling a potential bullish movement, poised to surge towards the upper boundary of its channel. However, if Maker continues its upward momentum, it may encounter resistance around the $3500 level. While Maker remains a reputable and stable cryptocurrency, the newly launched Dogeverse token is gaining significant attention during its presale phase, achieving an impressive fundraising milestone of over $15 million. By integrating multi-chain interoperability with passive income potential, Dogeverse is positioning itself as an attractive option for both serious DeFi investors and meme coin enthusiasts.
Don’t Wait: 100x Presale Closing Soon—Act Now!
Don’t miss this extraordinary opportunity — act now and invest in the Dogeverse token before the 100x presale ends! With the presale closing soon, this is your chance to get in early and maximize your potential returns. The Dogeverse token promises significant growth, and being part of the presale ensures you secure your position at the most advantageous time.
You can benefit from Dogeverse today.
Related News
- Maker Price Prediction: MKR Pumps 13%, But Time Is Running Out To Buy This New AI Sensation That Experts Say Might Explode
- Roaring Kitty Price Prediction: KITTY Soars 248% After Keith Gill Returns As The Dogeverse ICO Offers A Last Chance To Buy
Join Our Telegram channel to stay up to date on breaking news coverage
