Rune

Token

Lido DAO

Momentum

<ul class="news-points"> 
 <li><strong>MKR experienced high accumulation since the Maker’s founder sold other tokens to buy MKR.</strong></li> 
 <li><strong>Increasing RSI and decreasing volume could lead MKR into consolidation.</strong></li> 
 <li><strong>The direction strength was weak, prompting a possibility to fall back to $950.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/maker-mkr-price-prediction/" rel="noopener noreferrer nofollow">Maker’s (MKR)</a> performance in the last 24 hours has been worthwhile for traders who open long positions. In the early hours of July 18, MKR exchanged hands around $903. But according to CoinMarketCap, a 7.53 % hike, coupled with a surge in volume, drove the token to $978.33.</p> 
<p>For some, MKR’s rise might not be surprising. This is because MakerDAO founder Rune Christensen sold some of the protocol’s stablecoin DAI to purchase MKR on July 16. A day after his action, Christensen then turned to <a href="https://coinedition.com/ldo-uni-aave-3-defi-coins-poised-for-breakout-rallies/" rel="noopener noreferrer nofollow">Lido DAO Token (LDO)</a> and sold 13.57 million of the token to buy MKR.</p> 
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   <p lang="en" dir="ltr">Rune Christensen, co-founder of MakerDAO, has sold a total of 13.57 million LDO ($26.14M) since 2022/11 to repurchase MKR, with an average selling price of $1.92; cumulatively bought 32,637 MKR ($23.95M), with an average price $734. The two Rune addresses currently hold a… <a href="https://t.co/Nsb8K9gJug" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Nsb8K9gJug</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1680782248491220992?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 17, 2023</a> 
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<p>Usually, this…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/mkrs-buying-momentum-accompanies-decreasing-volume-will-it-hit-1000/">MKR’s Buying Momentum Accompanies Decreasing Volume, Will it Hit $1000?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

MKR’s Buying Momentum Accompanies Decreasing Volume, Will it Hit $1000?

Coin Edition

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