Maker Price Prediction Today: Daily (MKR) Value Forecast – July 18
- On the upside, if the bulls break above the EMAs, the crypto's price is likely to retest the $778 resistance level.
- MKR market was on a downward correction as price fell to the low of $480 on July 16.
MKR /USD Medium-term Trend: Ranging
- Resistance Levels: $700, $720, $740
- Support Levels: $520, $500, $480
Yesterday, July 17, the MKR price was in bullish trend. The bulls were making an upward move towards the EMAs. In retrospect the coin had been on a downward trend since July 10, when the bulls were resisted at the $778 price level. MKR market was on a downward correction as price fell to the low of $480 on July 16. This was the low of April 25 and the support level is likely to hold.
On the upside, if the bulls break above the EMAs, the crypto's price is likely to retest the $778 resistance level. However, if the bulls fail to break the resistance level, the crypto's price will a range bound move below the resistance level. Meanwhile, the MKR price is in the overbought region of the daily stochastic but below 60% range. This indicates that price is a bullish momentum and a buy signal.
MKR/USD Short-term Trend: Bullish
On the 1-hour chart, the price of MKR is in a bullish trend. The 12-day EMA and the 26-day EMA are sloping horizontally. On July 9, the bulls reached a high of $796 but the bulls were resisted as the price fell to a low at $627. On June 26, the bulls tested the $800 price level and the price fell below the EMAs. Meanwhile, the stochastic has reached the overbought region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.
Live Maker (MKR) Price:
1 MKR/USD =$5,119.3629 change ~ 9.36%
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