MAKER Price Prediction Today: Daily (MKR) Value Forecast – July 31

  • MKR/USD market now chops around $700, $650, and $600 price territories.
  • The MKR/USD bulls have been building a foundation, but it hasn’t had enough strength.

MKR/USD Medium-term Trend: Ranging

  • Distribution territories: $750, $800, $850
  • Accumulation territories: $500, $450, $400

MKR/USD market has on a small note run into upper range trading zones as compared with the last settings form. Currently, the choppy zones of the crypto market are $700, $650, and $600 territories.

The Bollinger Middle Band and the 50-day SMA indicators now slightly point to the north as the price continues to hover around the Bollinger Upper Band trend-line. The Stochastic Oscillators have briefly crossed the hairs against range 40 towards the north.

The bulls have now started struggling to recover from a downward move that has dominated the MKR/USD market operations in the recent past. All things being equal, a breakdown of price line at $550 could cause invalidation of seeing upward swings in this crypto market.

MKR/USD Short-term Trend: Ranging

There has been a wide range of price movements in the market operations of MKR/USD in the short-term run today. The ranging trend of the crypto-market also features erratic price movements in the trading pattern.

The Bollinger Bands are now widely opened with the 50-day SMA and the Bollinger Middle Band closely located within. The Stochastic Oscillators have crossed the hairs at range 40 pointing towards the north direction.

The MKR/USD market has seemed to start a recovery set-up. However, the foundation hasn’t had enough strength as it has to encounter rejections around the trend-line of Bollinger Upper Band.

Maker:

Live Maker (MKR) Price:

1 MKR/USD =$464.4321 change ~ 7.72%

Coin Market Cap

$467.02 Million

24 Hour Volume

$2.32 Million

24 Hour VWAP

$451

24 Hour Change

$35.8563

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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