Maker Price Prediction Today: Daily (MKR) Value Forecast – June 13
- From the price action, the MKR market reached a peak price of $778 overhead resistance.
- On the upside, if the price is sustained above the EMAs, the crypto will rise to reach the highs of $820 and $850 price level.
MKR /USD Medium-term Trend: Bearish
- Resistance Levels: $700, $720, $740
- Support Levels: $680, $660, $640
Yesterday, June 12, the price of Maker was in a bullish trend. From the price action, the MKR market reached a peak price of $778 overhead resistance. On May 30, the bulls were resisted and the market had a downward correction to the support of $640 price level. On June 7, the bulls made another attempt to break the overhead resistance but were resisted. The price fell to the support of the 26-day EMA.
On the upside, if the price is sustained above the EMAs, the crypto will rise to reach the highs of $820 and $850 price level. From the Fibonacci retracement tool, the crypto’s price found support at the 0.50 (50%) Fib. retracement level but pulled back to the 0.382 ( 38.2 %) Fib, retracement level. The price of MKR is in the continuation zone of Fib retracement. Meanwhile, the MKR price is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is a bullish momentum and a buy signal.
MKR/USD Short-term Trend: Ranging
On the 1-hour chart, the price of MKR is in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally.The MKR price fluctuates between the levels of $640 and $760 price level. On June 9, the bulls were resisted at the $780 price level. Meanwhile, the stochastic has reached the overbought region but above the 60% range. This indicates that price is in a bullish momentum and a buy signal.
Live Maker (MKR) Price:
1 MKR/USD =$5,357.3769 change ~ -3.84%
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