Maker Price Prediction for Today, October 11 – MKR Technical Analysis

The Maker price prediction reveals that MKR begins to form higher as the bulls push the coin toward the upside.

Maker Prediction Statistics Data:

• Maker price now – $1383
• Maker market cap – $1.3 billion
• Maker circulating supply – 977.6 million
• Maker total supply – 977.6 million
• Maker Coinmarketcap ranking – #33

MKR/USD Market

Key Levels:

Resistance levels: $1600, $1700, $1800

Support levels: $1100, $1000, $900

MKR/USD is likely to cross above the 9-day and 21-day moving averages as the coin touches the resistance level of $1415. However, since a few days ago, MKR/USD has been facing the upside and this refrains the coin from going back to the support level of $1366.

Maker Price Prediction: Maker May Continue to Move Higher

The Maker price is ready to create move additional bullish movement as the coin continues to rise and could probably cross above the moving averages if the bulls reclaim the $1400 resistance level. Therefore, any further bullish movement above this barrier may push the price to the potential resistance levels of $1600, $1700, and $1800.

Meanwhile, this technical prediction may be invalidated if the coin faces the lower boundary of the channel, any further bearish movement may reach the support levels of $1100, $1000, and $900. Moreover, the 9-day MA is likely to cross below the 21-day MA to bring the coin to the downside.

MKR/BTC Moves to the Upside

Against Bitcoin, the Maker price is attempting to cross above the 9-day and 21-day moving averages with a major resistance level of 5184 SAT. Meanwhile, the long-term moving averages may likely keep the bullish movement as the market is starting a new trend by crossing above the 21-day moving average.

However, if the buyers could push the price toward the upper boundary of the channel, higher resistance could be located at 6000 SAT and above while the 9-day MA crosses below the 21-day MA, indicating that sellers are likely to play out. Moreover, should the bulls fail to move the current market value above the aforementioned barrier, the bears may step back into the market, and the nearest support level could be located at 4200 SAT and below.

Maker Alternatives

The Maker price is on a recovery path toward the $1450 resistance level. Meanwhile, the initial breakthrough above the 9-day and 21-day moving averages could provide a significant boost to the higher levels. However, for Maker (MKR) to achieve further highs, it needs to breach the upper boundary of the channel.

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