Maker Price Prediction for Today, November 22

Maker Price Prediction for Today, November 22 – MKR Technical Analysis

Updated: 06 December 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 shows that MKR faces the north as the 9-day moving heads to the upside suggesting additional gains.

Maker Market Price Statistic:

Maker price now: $1437
Maker market cap: $1.4 billion
Maker circulating supply: $977.6 thousand
Maker total supply: $977 thousand
Maker coin market ranking: #62

MKR/USD Market

Key Levels:

Resistance levels: $1650, $1700, $1750

Support levels: $1200, $1150, $1100

Maker Price Prediction for Today, November 22 – MKR Technical Analysis — MKRUSD – Daily Chart

MKR/USD is currently trading around $1437 and once it manages to stay above the 9-day and 21-day moving averages, the next target could be located at $1500 which is the crucial level for the coin. However, a push from here could send the price straight above the upper boundary of the channel while the daily low could be spotted at the $1350 support level. Meanwhile, if the current level fails to hold strong, the Maker (MKR) could slip below the lower boundary of the channel.

Maker Price Prediction: Would Maker Spike to the Upside?

The Maker price is now facing the uptrend as the coin remains above the 9-day and 21-day moving averages. Therefore, if the buyers can put more effort and push the market price above the upper boundary of the channel, MKR/USD could hit the resistance levels of $1650, $1700, and $1750 respectively.

On the contrary, a break below the lower boundary of the channel may bring the coin toward the critical supports at $1200, $1150, and $1100. Looking at the daily chart, Maker may begin to follow an upward trend as the 9-day MA crosses above the 21-day MA, suggesting that the coin may trade bullishly.

MKR/BTC Faces the Upside

Against Bitcoin, the Maker price is currently hovering above the 9-day and 21-day moving averages to hit the nearest resistance at 4500 SAT. Meanwhile, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.

However, if the bears bring the coin below the lower boundary of the channel, it could refresh low under 3500 SAT, while a possible bearish continuation may hit the support at 2800 SAT and below. Meanwhile, if the Maker price heads toward the upper boundary of the channel, it could hit the potential resistance at 5000 SAT and above.

Alternatives to Maker

The Maker price is showing signs of an upward trajectory, moving towards the upper boundary of the channel. Currently, MKR/USD is trading above both the 9-day and 21-day moving averages, suggesting a potential bullish sentiment within the channel. Should the Maker price continue to break through additional uptrends, there’s a possibility it could encounter resistance around the $1500 level.

Despite Maker (MKR) being a well-established cryptocurrency recognized for its stability, the newly emerging Bitcoin Minetrix token is currently in the presale phase, boasting an impressive fundraising achievement of over $4.2 million. However, with its innovative cloud mining solution and a highly successful presale, Bitcoin Minetrix is rapidly gaining prominence in the crypto space.

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