MAKER Price Prediction Today: Daily (MKR) Value Forecast –June 17
- The bulls are in control of the short and medium-term outlook.
- Responsible buying at the key area is recommended.
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 bears' pressure was weakened at $700.00 around the trendline on 15th June. The bulls returned saw the cryptocurrency making a high at $754.00 in the supply area before the end of the day.
The bulls maintained the momentum as the market opens today at $749.54. MRKUSD rose to $780.00 in the supply area as the momentum to the upside increases.
Price is above the two EMAs and the signal of the stochastic oscillator points up at 90% in the overbought region. These suggest bullish continuation in the medium-term with $800.00 in the supply area as the bulls target for a higher high before the end of today’s session.
MKR/USD Short-term Trend: Bullish
The cryptocurrency short-term outlook is a bullish trend. The bears' pressure was lost at $700.00 in the demand area which was the 78.6 fib area during the weekend.
The cryptocurrency shorts up initially at $759.00 and later to $780.00 in the supply area as the bulls maintained control of the market in the short-term.
The momentum to the upside may be sustained as price stays above the two EMAs after minor drawdown due to the signal of the stochastic oscillator pointing down at 86% in the overbought region.
Live Maker (MKR) Price:
1 MKR/USD =$4,895.6346 change ~ 0.72%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.