Maker

Cryptocurrency

Coin

<ul class="news-points"> 
 <li><strong>A cryptocurrency analyst shared on Twitter that he believes MKR’s price is going to drop soon.</strong></li> 
 <li><strong>If MKR’s price can climb above the 100-day MA line at $1,295, then the bearish thesis may be invalidated.</strong></li> 
 <li><strong>Meanwhile, the 9-day EMA line was looking to cross bearishly below the 20-day EMA line on MKR’s daily chart.</strong></li> 
</ul> 
<p>Cryptocurrency analyst Ali Charts shared that he believes a drop in <a href="https://coinedition.com/tag/maker-mkr/" rel="noopener noreferrer nofollow">Maker’s (MKR)</a> price is imminent in a Twitter post today. According to the post, MKR’s TD Sequential presented a sell signal on the weekly chart. This comes after the altcoin experienced a 27+% price increase over the past month.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/MakerDAO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MakerDAO</a> | The TD Sequential presented a sell signal on <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MKR</a> weekly chart after an 173% bull rally. A weekly close below $1,163 could confirm a correction to $1,037 or $935.<br><br>The 100-weekly moving average at $1,295 can serve as an invalidation point if <a href="https://twitter.com/hashtag/MKR?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MKR</a> closes above it. <a href="https://t.co/SxP2QS5mRG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SxP2QS5mRG</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1691688342381850845?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
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<p>Ali also shared that a weekly close below $1,037 or $935 will confirm his suspicions that MKR’s price is getting ready to drop. On the other hand, if the altcoin’s price is able to climb above the 100-day MA line at…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/maker-mkr-technical-indicators-suggest-a-possible-price-drop/">Maker (MKR) Technical Indicators Suggest A Possible Price Drop</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Maker (MKR) Technical Indicators Suggest A Possible Price Drop

Coin Edition

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