Maker

Token

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>MKR token showcased a rebound from the 100 day EMA mark.</a></li>
 <li><span>2</span> <a>Buyers have gained momentum and are looking to exceed $1600.</a></li>
</ul>
<h2 class="wp-block-heading" id="strong-daily-charts-of-maker-exhibits-bullishness-strong"><strong>Daily Charts of Maker Exhibits Bullishness</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654.png" alt="Maker Price Prediction: Will MKR Surpass the Sticky $1600 Hurdle?" class="wp-image-182417" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-654-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: MKR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the daily chart, the MKR token pulled back post bottom-formation in the last few trading sessions. Moreover, the price action highlights the buying momentum and that the MKR token is ready to reach the immediate hurdle of $1600.&nbsp;</p>
<p>The technicals are indicating that the MKR token has revamped from the 100-day EMA mark and formed a classic W pattern which suggests an upcoming wave toward $1600, followed by $1700. Per the Fib levels, the MKR token has sustained above the 50% zone and is looking to catch the 61.8% zone.</p>
<p>The RSI curve stayed in the overbought zone and displaying a positive divergence on the charts indicates bullishness.The MACD indicator showcased a bullish crossover and green bars on the histogram, suggesting outperformance in the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-will-maker-mkr-token-reach-2000-by-end-of-2023-strong"><strong>Will Maker (MKR) Token Reach $2000 by End of 2023?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653.png" alt="Maker Price Prediction: Will MKR Surpass the Sticky $1600 Hurdle?" class="wp-image-182416" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-653-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: MKR Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly chart, the MKR token formed a double bottom pattern and rebounded from the demand zone of $500. Afterwards, buyers continued to accumulate and gained sharp momentum, leading to a massive surge. Additionally, the token has surpassed the key moving averages, highlighting the bullish dominance.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2023/11/28/graph-grt-forms-double-top-formation-will-it-glimpse-0-1800/" target="_blank" rel="noopener noreferrer nofollow">Maker token </a>exhibits a double bottom formation and revamped from the lows of $500, highlighting bullishness on the chart. Moreover, the token persisted in forming higher highs as the bulls have kept their eyes on the round mark of $2000.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $1500 and $1350</p>
<p><strong>Resistance Levels: </strong>$1600 and $1750</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. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

Maker Price Prediction: Will MKR Surpass the Sticky $1600 Hurdle?

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2023년 11월 29일에 게재된 다른 기사

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