Maker

Token

Rune

Shiba Inu

Divergence

<p>The Maker (MKR) token has been bullish, propelled by the highly anticipated Endgame Launch announcement from MakerDAO. This surge has caught the attention of crypto whales, with one particular wallet, 0xcf9, spending $1.94 million to acquire 702.8 MKR tokens at $2,763 apiece, <a href="https://x.com/spotonchain/status/1767739106669318180?s=20" target="_blank" rel="noopener noreferrer nofollow">according</a> to data from on-chain analytics firm Spotonchain.</p>
<p>Moreover, per Spotonchain, Rune Christensen (@RuneKek), the founder of MakerDAO, has demonstrated confidence in the project. Over the past seven days, Christensen has invested a substantial $4.57 million to purchase 1,967 MKR tokens at an average price of around $2,324. Consequently, this strategic move has already yielded a handsome profit of $1.02 million, translating to a 22.3% gain.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $BONK, $PEPE, and $WIF? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-technical-analysis-hints-at-potential-correction-strong"><strong>Technical Analysis Hints at Potential Correction</strong></h2>
<p>Analyzing the daily price chart, the Maker crypto token is currently valued at $2,825. However, the last candlestick is painted red, suggesting a decrease in value over the past day. With MKR’s Relative Strength Index (RSI) standing at 71.51, a correction may be imminent, as the token may have been overbought.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="439" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-1024x439.png" alt="" class="wp-image-452276" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-1024x439.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-300x129.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-767x329.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-1536x658.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-2048x878.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-350x150.png 350w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-816x350.png 816w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597-788x337.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-597.png 1269w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Additionally, the 50-day Exponential Moving Average (EMA) is currently below the current price of $2,825, indicating a potential short-term negative trend. The 100 EMA lends even more credence to the likelihood of a downtrend soon. Furthermore, the 200 EMA indicates a considerable gap with the present price, supporting the possibility of a sustained bearish trend. However, the Moving Average Convergence Divergence (MACD) is pointing upward, suggesting a potential reversal in the short term.</p>
<p>The bullish sentiment surrounding MKR can be attributed to the highly anticipated Endgame Launch announcement from MakerDAO. This development has captured the attention of investors and crypto enthusiasts alike, driving the demand for MKR tokens.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/floki-burns-more-tokens-than-shiba-inu-shib-pepe-dogwifhat-wif-and-other-top-meme-coins-combined/" target="_blank" rel="noopener noreferrer nofollow">Floki Burns More Tokens Than Shiba Inu (SHIB), PEPE, Dogwifhat (WIF), and Other Top Meme Coins Combined</a></li>
 <li><a href="https://captainaltcoin.com/why-is-paysenger-ego-ego-token-price-pumping-expert-sets-his-eyes-on-this-next-target/" target="_blank" rel="noopener noreferrer nofollow">Why is Paysenger EGO (EGO) Token Price Pumping? Expert Sets His Eyes On This Next Target</a></li>
 <li><a href="https://captainaltcoin.com/new-cryptocurrency-opportunity-at-0-0115-for-investors-who-missed-shiba-inu-and-dogecoin-doge-rally/" target="_blank" rel="noopener noreferrer nofollow">New Cryptocurrency Opportunity at $0.0115 For Investors who Missed Shiba Inu and Dogecoin (DOGE) Rally</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/is-maker-mkr-poised-for-correction-amidst-upcoming-launch-bullish-whale-bets-vs-technical-warning-signals/" rel="noopener noreferrer nofollow">Is Maker (MKR) Poised for Correction Amidst Upcoming Launch? Bullish Whale Bets vs. Technical Warning Signals</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Maker (MKR) Poised for Correction Amidst Upcoming Launch? Bullish Whale Bets vs. Technical Warning Signals

Daftar Isi

CaptainAltcoin

Artikel lain yang dipublikasikan pada 14 Mar 2024

Shiba Inu price up by 222% in 2024 - 4 Best Meme Coins to Buy Now

'Dogecoin To The Moon' — Elon Musk Just Broke His Long Silence On DOGE And If Tesla Will Accept T...

Cerebras’ WSE-3: A Game-Changer in AI Technology – What Makes It Stand Out?

Harnessing AI to Supercharge Sales Efficiency

Justin Sun parks $480m ETH in liquid restaker Ether.fi

Ethereum’s Price Surge: Is the Party Over?

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!