Maker

Strike

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The MKR token chart reflects consolidation at the top and is looking for a bounce.</a></li>
 <li><span>2</span> <a>Buyers are holding the round mark of $2000 and are facing pressure.</a></li>
</ul>
<h2 class="wp-block-heading" id="strong-mkr-displays-sideways-movement-on-daily-charts-strong"><strong>MKR Displays Sideways Movement On Daily Charts</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/lGdRHtlEZ22JvExS4S_U18zl6B4jfZUTtEqO-n9eSi7GsgZGVNywRqGkmWQkNAVfN8Wp3HImB466SJniW3ifkOwEUQnwrz6J2wN5fMD6voLsgGN44sjocY8QCGDXLf5lhlWz_SjWC0-X5cxt-jT9p6Q" alt="Maker Price Prediction: Will MKR Attain a Bounce Toward $2200?">
  <figcaption class="wp-element-caption">
   Source: MKR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>Maker token (MKR) price stayed in a narrow range and witnessed low investor interest for the past few sessions. Recently, the token has seen a range breakout and climbed sharply above $2000, but the buying momentum could not continue longer, and the token hovered in a narrow range. However, the bulls held on to the $2000 mark, and are targeting $2200, followed by $2500.</p>
<p>The RSI curve stayed below the midline and witnessed profit booking in the last few sessions. Similarly, the MACD indicator shows a bearish crossover and indicates the retracement. However, the trend is intact, and bulls are looking for a rebound toward $ 2,200.</p>
<h3 class="wp-block-heading" id="strong-mkr-exhibits-rounding-bottom-formation-could-mkr-strike-2500-strong"><strong>MKR Exhibits Rounding Bottom Formation, Could MKR Strike $2500?</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/tW6fSdOuvBelMEA_nv06EN8VsU0mJzO2wlC5LhutsmSBAQ-GxRoKh64n1TmkhJdqd6c3GxBcp1F1JKBr3x6R5ocJt64E_xmXGUWckU-Rh9H7YU3YGw1-RmaFJFU78scKZGyB4fPUfrbHmYjj6QnkUGA" alt="Maker Price Prediction: Will MKR Attain a Bounce Toward $2200?">
  <figcaption class="wp-element-caption">
   Source: MKR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, the Maker price has rebounded from the bottom zone of $500 and noted a surge of over 250% in the past weeks. Moreover, the token has replicated a rounding shape of recovery and is anticipating a breakout soon. The token has climbed above multiple hurdles and decisively sustained above the 100-Day EMA mark. The mighty bears are looking trapped and bulls are showcasing their dominance and are waiting to stretch the rebound.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/24/zcash-zec-triggered-a-pullback-can-zec-reach-the-50-mark/" target="_blank" rel="noopener noreferrer nofollow">Maker token </a>(MKR) price has depicted a rebound and has decisively sustained gains above the $2000 mark. Additionally, the buyers are willing to stretch the pullback and have set their sights on the $2500 mark. Buyers persisted in accumulation, and a range breakout will be triggered in the following sessions.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $2000 and $1800</p>
<p><strong>Resistance Levels:</strong>$2300 and $2500</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Maker Price Prediction: Will MKR Attain a Bounce Toward $2200?

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