Maker Price Prediction for Today, January 7 – MKR Technical Analysis| Trending Viral hub

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Maker’s price prediction sees a 0.18% price increase in the last 24 hours of trading as the cryptocurrency touches the $1778.9 resistance level.

Manufacturer prediction statistics data:

  • Manufacturer price now: $1739.5
  • Maker market cap: $1.6 billion
  • Manufacturer’s circulating supply: 920 thousand
  • Total manufacturer offer: 977.6 thousand
  • Maker Coinmarketcap Ranking – #91

MKR/USD Market

Key levels:

Resistance levels: $2100, $2200, $2300

Support levels: $1400, $1300, $1200

-Manufacturer Price Prediction for Today, January 7 – MKR Technical Analysis
MKRUSD – Daily Chart

MKR/USD may shoot higher as the coin gains 0.18% price increase after touching the daily low of $1669. Maker price may face a rise as the red line of the 9-day MA remains above the green line of the 21-day MA. At the time of writing, the movement is turning bullish again, but any bearish move below the 9-day MA could bring the price down to the support level at $1600.

Maker Price Prediction: Maker (MKR) Ready for a Spike Above $1800 Level

He Manufacturer price It may need to rise above $1800 if buyers hold the price above the 9-day and 21-day moving averages. Conversely, traders may consider the market bearish if sellers drive the market movement lower.

However, towards the upside, the first resistance level lies at $1,750, while potential resistance levels lie at $2,100, $2,200, and $2,300. Furthermore, if the sellers push the price towards the lower boundary of the channel, traders can expect supports at $1,400, $1,300, and $1,200, while the 9-day MA remains above the 21-day MA to give further signals. bullish.

MKR/BTC could rise

Against Bitcoin, the Maker The price is trading above the 9-day and 21-day moving averages as the coin moves towards the upper boundary of the channel. Given the above, the nearest resistance level is likely to touch 4500 SAT if the bulls increase the buying pressure. Above this, further resistance could be located at 5000 SAT and above.

-Manufacturer Price Prediction for Today, January 7 – MKR Technical Analysis
MKRBTC – Daily Chart

On the other hand, if selling pressure creates a new low and crosses below the 21-day moving average, lower support can be found at 3000 SAT and below. Meanwhile, the 9-day moving average continues to sit above the 21-day moving average, showing that the market may be preparing for an uptrend.

Alternatives to the manufacturer

Based on the daily chart analysis, if Maker price stays above the 9-day and 21-day moving averages, there is a huge potential for it to break above the upper boundary of the channel. Furthermore, looking at the daily chart, the fact that the 9-day moving average maintains a position above the 21-day moving average would signify bullish market conditions.

Meanwhile, the $BTCMTX The token has reached a pre-sale value close to $7.8 million in its ongoing pre-sale phase. Unlike established tokens like Maker (MKR), Bitcoin Minetrix shows significant potential for higher returns due to its initial success. Investors are encouraged to explore the growth prospects of $BTCMTX, considering its strong pre-sale momentum and community interest.

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