MAKER Price Prediction Today: Daily (MKR) Value Forecast – July 22
- The short and medium-term outlook is in a bullish trend.
- Responsible buying may be considered at key areas.
MKR/USD Medium-term Trend: Bullish
Supply zones: $800.00, $850.00, $900.00
Demand zones: $300.00, $250.00, $200.00
MRKUSD is in a bullish trend in its medium-term outlook. The inverse head and shoulder pattern that favour bullish rally is formed. The drop in the cryptocurrency to $541.13 in the demand area resumes the right shoulder formation.
Today’s session opened on a bullish note at $573.08 with price already up at $576.23. The break at the 10-EMA resistance paved the way for a possible break at the 50-EMA resistance with strong pressure on the coin by the bulls.
The stochastic oscillator signal points up at 67% while price is within the two EMAs. These suggest an upward momentum in price with $650 in the supply area an initial bulls target.
MKR/USD Short-term Trend: Bullish
The cryptocurrency short-term outlook is an up-trending market. The breakout at the two EMAs on 18th July confirmed the bullish takeover with the coin up at $598.99. Minor correction to $541.13 in the demand area confirmed the bullish continuation and bears’ exhaustion.
The bulls sustained the momentum as the market opens today at $561.12. MKRUSD rose to $576.26 in the supply area.
With price above the EMAs and the signal of the stochastic oscillator pointing up at 68%, the bulls may sustain the upward price movement in the short-term. $600.00 in the supply area is on the horizon as the bulls continue the journey up north.
Live Maker (MKR) Price:
1 MKR/USD =$2,355.7320 change ~ 5.28%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.