MAKER Price Prediction Today: Daily (MKR) Value Forecast – July 17
- MKR market has been forced down by the US dollar price to trade around a low point at $450.
- With the bears in the presumed market consolidation moves, a low value of between $400 and $360 marks may be obtained.
MKR/USD Medium-term Trend: Bearish
- Distribution territories: $700, $750, $800
- Accumulation territories: $350, $300, $250
The US dollar worth in the crypto-economy has been prevailing over MAKER price valuation presently in the medium-term run outlook. It has clearly shown that the crypto market's value began to drop around a high point near below the Bollinger Middle Band down to trade around a low point at $450.
The Bollinger Upper Band and the 50-day SMA are closely located around $650 price territory slightly pointing towards the south. The Stochastic Oscillators have now slantingly bent down to touch range 20.
Indications have shown that the bears yet to be done in getting a new low price value ever of this crypto-trade. The bulls have two important price points at $550 and $600 to push past, if they may have to gain a better stride in their subsequent efforts to rebound.
MKR/USD Short-term Trend: Ranging
There have been no much trading activities going on in the MKR/USD market today as at the time of writing. Yesterday, the pair saw an extent of falling pressure while the US dollar outweighed the crypto’s price valuation in the market. Price has now been fluctuating around $520 and $440 marks.
The 50-day SMA is a bit over $560 price line as the Bollinger Middle Band is situated underneath them a bit over the $520 point. The Stochastic Oscillators have closed the hairs at range 20.
The crypto-market is now exposed to possibly face other consolidation moving modes around $520 and $480 points. And, with the bears still in the market’s control, a low value of between $400 and $360 marks may be obtained afterward.
Live Maker (MKR) Price:
1 MKR/USD =$4,776.2451 change ~ 14.20%
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