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<p><strong>Maker (MKR) which operates on the Ethereum blockchain, has been making waves in the crypto community for its potential and recent market performance.</strong></p> 
<p>MKR, often referred to as a “god tier” chart by some enthusiasts, has been showing signs of a strong upward trend. It is believed to be fundamentally undervalued, and despite facing its fair share of criticism, it has managed to break out of a significant consolidation period. This breakout has led to a major price reclaim, with some predicting a significant surge in the near future.</p> 
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<p>The monthly chart for MKR has shown a positive trend, breaking upwards from a major support level and clearing key resistances. This bullish trend is only invalidated if the price falls below the last month’s candle, which seems unlikely given the current market sentiment.</p> 
<p>There is a general consensus among traders that there is plenty of open air for MKR to reach the $2,000 area, a level that is expected to serve as a strong resistance point. However, the journey to this price point is not without its potential pitfalls. According to crypto trader Nebraskangooner, the monthly broke upwards from a major support and cleared both Gooner EMA resistances. He <a href="https://twitter.com/Nebraskangooner/status/1686442455191736345" target="_blank" rel="noopener noreferrer nofollow">stated</a>, <strong>“Looks like plenty of open air to the $2,000 area. That’s probably a strong resistance level.”</strong></p> 
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<p>MKR has successfully broken its downtrend, and many traders are now waiting for a pullback to the $1160 level. This presents potential buy opportunities, with profit-taking targets set at $1283, $1370, and $1632. This strategy is common among traders who aim to maximize their profits while minimizing their risks.</p> 
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<p>However, not all market watchers are bullish on MKR. Some have pointed out a bearish wedge with bearish divergence, suggesting that traders should wait for an activation of a breakdown before shorting. There is a support level at $1161 that should be closely monitored.</p> 
<p>Despite these concerns, MKR continues to show promise, especially with the potential for a descending channel breakout. Based on the data from CoinMarketCap, the current price of Maker (MKR) is $1,332.80, representing an 8.20% increase in the last 24 hours. The 24-hour trading volume stands at $142,121,274. The current market cap of MKR is approximately $1.3 billion, ranking it 40th in the global cryptocurrency market.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/maker-mkr-defies-critics-with-god-tier-chart-heres-why-top-traders-predict-2000-price-surge/">Maker (MKR) Defies Critics with God Tier Chart, Here’s Why Top Traders Predict $2,000 Price Surge</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Maker (MKR) Defies Critics with God Tier Chart, Here’s Why Top Traders Predict $2,000 Price Surge

CaptainAltcoin

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