MKR Price Prediction: Long-term (MKR) Value Forecast – June 9
- The MKR/USD market still basically trades within a range.
- Presently, the bulls may only push the market line into another upper range zone if $800 mark is faintly traded against in the long run.
MKR/USD Long-term Trend – Ranging
- Distribution territories: $900, $1000, $1100
- Accumulation territories: $500, $400, $300
There have been basically main ups and downs in the market valuation of MKR/USD. The market’s range movements have as well continued to feature around $600 and $800 price territories. Around May 29, the crypto-market traded near the $800 mark, but couldn’t maintain the momentum to surge past the price line.
The 14-day SMA indicator has been moving more of the north than the east over the 50-day SMA which its trend-line has been lying in a flat moving manner a bit above $600 horizontal price line. The Stochastic Oscillators are almost dipped into the overbought zone with a notable weak force.
There are indications that are still in the support of seeing range price movements continuation of this crypto-trade in the next trading sessions. The pair’s current range moving manner may be extended into entering another upper range zones if the bulls lack the catalyst to strongly break past the $800 mark to the north. However, the $600 price line is still found to be the market’s pivotal point to the upswing of this crypto-trade.
Live Maker (MKR) Price:
1 MKR/USD =$1,991.0894 change ~ -1.25%
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