Maker Price Prediction for Today, December 28 – MKR Technical Analysis

The Maker price prediction reveals that MKR begins a progressive movement as the price increases above the moving averages.

Maker Prediction Statistics Data:

• Maker price now – $1604
• Maker market cap – $1.3 billion
• Maker circulating supply – 918.8 thousand
• Maker total supply – 977.6 thousand
• Maker Coinmarketcap ranking – #28

MKR/USD Market

Key Levels:

Resistance levels: $1800, $1900, $2000

Support levels: $1350, $1250, $1150

MKR/USD keeps hovering above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, the $1532 support level is the critical support where the price touched today. Meanwhile, the Maker price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.

Maker Price Prediction: Can Maker Keep the Bullish Movement?

Looking at the daily chart, if the bulls manage to push the Maker price above the upper boundary of the channel, traders can expect further upward momentum, potentially surpassing the $1650 resistance level. In such a scenario, the Maker price could target subsequent resistance levels at $1800, $1900, and $2000 respectively.

In other words, a downturn below the $1500 level, as indicated by the daily chart, could invalidate this bullish outlook. In this case, the Maker price might retreat to find support levels at $1350, $1250, and $1150. Additionally, the crossover of the 9-day Moving Average (MA) above the 21-day MA suggests a continuation of bullish trends.

MKR/BTC Soars Above 3800 SAT

Currently, the Maker price is trading above the 9-day and 21-day moving averages when paired with Bitcoin. Meanwhile, there’s a potential indication that the 9-day moving average’s red line might cross above the 21-day moving average’s green line, paving the way for the coin to target the immediate resistance at 4000 SAT.

However, if buyers manage to surpass the 4000 SAT resistance level, they could encounter the resistance level at 4500 and above. Conversely, should the bullish momentum falter, the closest support level to watch for is around 3000 SAT or below.

Maker Alternatives

The Maker price is showing signs of an upward trajectory, aiming to cross above the upper boundary of the channel. At the moment, MKR/USD is trading above the 9-day and 21-day moving averages, suggesting a potential bullish sentiment within the channel. Therefore, should the Maker price continue to break through additional uptrends, there’s a possibility it could encounter resistance around the $1700 level.

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