MAKER Price Prediction Today: Daily (MKR) Value Forecast – June 24
- The short and medium-term outlook is in the bullish trend.
- Responsible buying may be considered.
MKR/USD Medium-term Trend: Bullish
Supply zones: $800.00, $850.00, $900.00
Demand zones: $300.00, $250.00, $200.00
MRKUSD remains in a bullish trend in its medium-term outlook. The bounce of the trendline at $710.00 in the demand area returned the bulls on 20th June. Increased momentum by the bulls pushed the coin up to $780.00 in the supply area before exhaustion on 22nd June.
The supply area at $780.00 was retested during yesterday session as the bulls sustained the pressure on price with the target at the $800.00.
The brief bear control as the market opens today broke the trend line with a drop in the cryptocurrency price to $677.76 in the demand area.
Price is back up at $779.99 in the supply area above the two EMAs, with the bulls mounting strong pressure for upward price movement.
$800.00 in the supply area remains the bulls target in the medium-term.
MKR/USD Short-term Trend: Bullish
The cryptocurrency short-term outlook is a bullish trend. The bears manage to drop the coin to $740.70 in the demand are shortly after today’s opening and lost momentum despite a bearish marubozu an indication of strong sellers presence. Hence this was a correction of the upward movement.
The bulls returned shot the price back up cryptocurrency shorts up to $779.00 in the supply area.
With price above the EMAs and the signal of the stochastic oscillator pointing up at 54%, the bulls may sustain the upward price movement in the short-term.
Live Maker (MKR) Price:
1 MKR/USD =$4,871.2853 change ~ -13.71%
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