Maker Price Prediction for Today, September 16 – MKR Technical Analysis

The Maker price prediction shows that MKR will escalate, and a break above $1300 is expected to push the coin toward the upper boundary of the channel.

Maker Prediction Statistics Data:

• Maker price now – $1237
• Maker market cap – $1.2 billion
• Maker circulating supply – 977.6 thousand
• Maker total supply – 977.6 thousand
• Maker Coinmarketcap ranking – #36

MKR/USD Market

Key Levels:

Resistance levels: $1500, $1550, $1600

Support levels: $950, $900, $850

MKR/USD is seen trading around the resistance level of $1237.8 after touching the daily high of $1245.9 in the early hours of today. This is a move that could easily pave the way for gains above $1300 and toward $1400. Therefore, if the technical indicator Relative Strength Index (14) crosses into the overbought region, the market may show that the bullish grip is getting stronger.

Maker Price Prediction: MKR May Break Higher

The Maker price is currently holding the ground above the 9-day and 21-day moving averages after a major recovery from $1156. However, this shows that bulls may continue to have the upper hand in the price movement and they could easily push the coin toward the potential resistance of $1500, $1550, and $1600. On the contrary, if the buying action fails to break above $1300, then MKR/USD could instead settle for consolidation.

Nonetheless, any breakout toward the upper boundary of the channel could still have an impact on the price. Furthermore, it is about time that buyers increase their confidence in the recovery because $1300 is still achievable. Therefore, if the bears bring the coin below the lower boundary of the channel, the support levels of $950, $900, and $850 may be reached.

MKR/BTC May Continue to Surge

Against Bitcoin, the Maker price remains above the 9-day and 21-day moving averages as the coin moves to the upside. However, if the Maker price closes above the resistance level of 5000 SAT, traders might expect a long-term bullish movement.

Meanwhile, any bearish movement below the moving averages could meet the major support at 4000 SAT before falling to 3800 SAT and below while the buyers may need to push the market to the potential resistance at 5300 SAT and above as the technical indicator Relatively Strength Index (14) moves into the overbought region to give more bullish signals.

Alternatives to Maker

The Maker price continues the bullish movement as the price hovers around the resistance level of $1237.8. Any further additional positive movement may locate the resistance level of $1300. However, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.

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