Maker Price Prediction: Long-term (MKR) Value Forecast – June 2
- MKR/USD has now been trading in a range above its SMA indicators.
- The bears may take over the market control while price cannot push past the $800 upper range spot.
MKR/USD Long-term Trend – Ranging
- Distribution territories: $900, $1,000, $1,100
- Accumulation territories: $500, $400, $300
Maker market has been trading in a range against the US dollar valuation about a week ago. Around May 23, the pair relatively began to swing upwards at a price point found a bit over a conjoint zone of the two SMA trading indicators towards $800 mark on May 29.
The 14-day SMA is now located at a lower range spot at $700 horizontal market line. And, the 50-day SMA indicator has been trending east direction at a lower price line a bit over $600 mark quite a while. The Stochastic Oscillators now seemingly attempting to cross back after a slight dump from the overbought zone. That could mean a signal to expect more probable ups in the market.
The MKR/USD trade has now basically come to range between the $800 and $700 price lines. The bulls may need to regain their stance while the market breaks downward to test around the 50-day SMA trending zone below its 14-day SMA trend-line and launch a come-back in the form of reversal outlook.
Live Maker (MKR) Price:
1 MKR/USD =$2,010.9623 change ~ -11.32%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.