- \n
- Maker price now – $2803.1<\/li>\n
- Maker market cap – $2.59 billion<\/li>\n
- Maker circulating supply – 925.4 thousand<\/li>\n
- Maker total supply – 977.6 thousand<\/li>\n
- Maker Coinmarketcap ranking – #45<\/li>\n<\/ul>\n
MKR\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $4000, $4200, $4400<\/p>\n
Support levels: $1600, $1400, $1200<\/p>\n
![\"Maker](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/MKRUSD_07052024.png\")
MKRUSD – Daily Chart<\/figcaption><\/figure>\n MKR\/USD<\/a> 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.<\/p>\n
Maker Price Prediction: Maker (MKR) Ready for a Spike above $3k<\/h2>\n
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.<\/p>\n
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.<\/p>\n
MKR\/BTC May Head to the Downside<\/h2>\n
Against Bitcoin, Maker (MKR)<\/a> 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.<\/p>\n
![\"Maker](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/MKRBTC_07052024.png\")
MKRBTC – Daily Chart<\/figcaption><\/figure>\n 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.<\/p>\n
@Shady_ocs_16 informed his followers on X (formerly Twitter) that $MKR is approaching a profitable close, highlighting the token’s strong performance and potential for continued gains.<\/p>\n
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$MKR<\/a><\/p>\n
Closing this one in profits https:\/\/t.co\/3rpTWecK4v<\/a><\/p>\n
— $K☰W (@Shady_ocs_16) May 13, 2024<\/a><\/p><\/blockquote>\n