MAKER Price Prediction: Long-term (MKR) Value Forecast – July 7
- MKR/USD trade remains to push around price ranges of $800 and $600.
- Subsequent buying pressure in the MKR/USD market may not surpass $800 mark.
MKR/USD Long-term Trend – Ranging
- Distribution territories: $900, $1000, $1100
- Accumulation territories: $500, $400, $300
The market line of MKR/USD has remained to push around price ranges of $800 and $600 marks this week. On July 1, the market slowly went down to hover around its lower range point. Now, price has a bit moved up to continue fluctuating at $700 median line of the range mark.
The 14-day SMA has very faintly intercepted the 50-day SMA from the top. And, they are both located at the median range spot of the market. The Stochastic Oscillators have slantingly crossed and moved northwards to point north-east below range 60.
The market value of MKR/USD may not succeed in its effort to move past the median mark of the present choppy zones. The slight interception of the SMA trading indicators as earlier stated is enough to now nurse the possibility of witnessing a downward price movement of the crypto-market. However, that assumption may not be in the card so soon. But, it’s apparent that the bulls will not move past above the $800 upper line, and maintain the presumed price action of the market afterward.
Live Maker (MKR) Price:
1 MKR/USD =$5,211.2934 change ~ 3.52%
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