{"id":450710,"date":"2023-10-23T21:32:49","date_gmt":"2023-10-23T21:32:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450710"},"modified":"2023-10-23T21:32:49","modified_gmt":"2023-10-23T21:32:49","slug":"maker-price-prediction-for-today-october-23-mkr-technical-analysis","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maker-price-prediction-for-today-october-23-mkr-technical-analysis","title":{"rendered":"Maker Price Prediction for Today, October 23 \u2013 MKR Technical Analysis"},"content":{"rendered":"<p>The Maker price prediction reveals that MKR may continue to follow the bullish movement as the coin hovers around the $1517 resistance level.<\/p>\n<h2>Maker Prediction Statistics Data:<\/h2>\n<ul>\n<li>Maker price now &ndash; $1517<\/li>\n<li>Maker market cap &ndash; $1.4 billion<\/li>\n<li>Maker circulating supply &ndash; 977.6 thousand<\/li>\n<li>Maker total supply &ndash; 977.6 thousand<\/li>\n<li>Maker Coinmarketcap ranking &ndash; #35<\/li>\n<\/ul>\n<h2>MKR\/USD Market<\/h2>\n<p>Key Levels:<\/p>\n<p>Resistance levels: $1800, $1850, $1900<\/p>\n<p>Support levels: $1250, $1200, $1150<\/p>\n<figure id=\"attachment_450715\" aria-describedby=\"caption-attachment-450715\" style=\"width: 1067px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-450715 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRUSD_13102023.png\" alt=\"Maker Price Prediction for Today, October 23 &ndash; MKR Technical Analysis\" width=\"1067\" height=\"540\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRUSD_13102023.png 1067w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRUSD_13102023-300x152.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRUSD_13102023-1024x518.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRUSD_13102023-768x389.png 768w\" sizes=\"(max-width: 1067px) 100vw, 1067px\"><figcaption id=\"caption-attachment-450715\" class=\"wp-caption-text\">MKRUSD &ndash; Daily Chart<\/figcaption><\/figure>\n<p>Based on the current prediction, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-maker\">MKR\/USD<\/a> could hit $1600 in the next positive step, if the bulls continue to increase the buying pressure. The Maker price is currently trading at $1517.5, although the coin touches the daily high of $1531.7 resistance level above the 9-day and 21-day moving averages, it could probably retest $1400 if the bears step into the market.<\/p>\n<h2>Maker Price Prediction: MKR\/USD May Create Additional Gains<\/h2>\n<p>At the time of writing, the <a href=\"https:\/\/insidebitcoins.com\/news\/maker-price-prediction-for-today-october-11-mkr-technical-analysis\">Maker price<\/a> keeps following the upward movement and a break above the $1600 level could encourage more buyers to increase their entries, pushing the price to the resistance levels of $1800, $1850, and $1900. On the downside, if the price breaks below the moving averages and heads toward the lower boundary of the channel; it could hit the nearest support level of $135.<\/p>\n<p>Nonetheless, if the support as mentioned earlier is broken, the downside pressure may increase while the next support may be created at around $1250, $1200, and $1150. Meanwhile, the 9-day moving average is likely to cross above the 21-day moving average to increase the bullish movement.<\/p>\n<h2>MKR\/BTC Begins the Upward Movement<\/h2>\n<p>Against Bitcoin, the <a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" rel=\"nofollow\">Maker<\/a> price is likely to cross above the 9-day and 21-day moving averages, and a daily close above the resistance level of 5200 SAT could encourage the bulls to extend the rally towards 5500 SAT and above. On the contrary, any bearish cross below the lower boundary of the channel could reverse the Maker price direction toward the daily support at 4500 SAT.<\/p>\n<figure id=\"attachment_450714\" aria-describedby=\"caption-attachment-450714\" style=\"width: 1067px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-450714 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRBTC_13102023.png\" alt=\"Maker Price Prediction for Today, October 23 &ndash; MKR Technical Analysis\" width=\"1067\" height=\"540\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRBTC_13102023.png 1067w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRBTC_13102023-300x152.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRBTC_13102023-1024x518.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/10\/MKRBTC_13102023-768x389.png 768w\" sizes=\"(max-width: 1067px) 100vw, 1067px\"><figcaption id=\"caption-attachment-450714\" class=\"wp-caption-text\">MKRBTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>However, any further bearish movement could take the coin to the support of 4300 SAT and below. Meanwhile, there is a possibility that MKR\/USD may continue the bullish trend if the 9-day MA crosses above the 21-day MA.<\/p>\n<h2>Alternatives to Maker<\/h2>\n<p>The Maker price keeps enjoying an increased interest which is helping the coin to stay above the 9-day and 21-day moving averages. However, at the time of writing, Maker (MKR) is hovering at $1517 after hitting a high of $1531 today. Therefore, the coin may create additional gains if the bulls increase the pressure.<\/p>\n<p>Nevertheless, the <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\">Bitcoin Minetrix<\/a> is emerging as a prominent player. Its ground-breaking cloud mining solution and highly triumphant presale have thrust it into the limelight. Meanwhile, during its presale phase, the token has raised over $2.1 million as interested buyers are encouraged to act fast.<\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">New Crypto Mining Platform - Bitcoin Minetrix<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-minetrix.svg\" alt=\"Bitcoin Minetrix\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Audited By Coinsult<\/li>\n                                                                                                    <li>Decentralized, Secure Cloud Mining<\/li>\n                                                                                                    <li>Earn Free Bitcoin Daily<\/li>\n                                                                                                    <li>Native Token On Presale Now - BTCMTX<\/li>\n                                                                                                    <li>Staking Rewards - Over 50% APY<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/09\/bitcoin-minetrix.svg\" alt=\"Bitcoin Minetrix\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                        <div class=\"inContentProviderSingle--button\">\n                                                                                        <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" title=\"Start Trading\" rel=\"nofollow\">Learn More<\/a>\n                                        <\/div>\n                                        <div class=\"inContentProviderSingle--disclaimerText\">\n                                                                                    <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Maker price prediction reveals that MKR may continue to follow the bullish movement as the coin hovers around the $1517 resistance level. Maker Prediction <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/bitcoin-minetrix\" title=\"Bitcoin Minetrix\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":450712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[2624,7745,8517,7992],"class_list":["post-450710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-maker","tag-mkr","tag-mkrusd","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maker Price Prediction for Today, October 23 \u2013 MKR Technical Analysis<\/title>\n<meta name=\"description\" content=\"The Maker price prediction reveals that MKR may continue to 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