Maker Price Prediction: MKR Price To Record A 2X Run This Q4?

Share This Post

Maker Price Analysis

The post Maker Price Prediction: MKR Price To Record A 2X Run This Q4? appeared first on Coinpedia Fintech News

The Maker price has jumped ~10% over the past day, resulting in this altcoin successfully recording a bullish reversal. Moreover, with the technical sentiments and on-chain data favoring the project, the MKR coin hints at a promising bullish month.

Will this master protocol behind the DAI stablecoin continue gaining momentum and retest its upper target price of $2,000 this month? In this article, we have covered the in-depth price explanation and possible targets of the Maker (MKR) crypto token.

MKR Coin Price Records Increased Bullish Action!

With a strong bullish recovery in the crypto market, the Maker token has recorded a jump of 9.87% in the past 24 hours with a trading volume of $184.94 million. Following this, the MKR coin has reclaimed the $1.4k for the first time in about a month.

MKR Coin Price Records Increased Bullish Action!

In the longer term perspective, this altcoin has formed a descending channel pattern and has continued to trade within it since August. Notably, with a market capitalization of $1.235 billion, it has secured the 62nd position in the market.

Maker Dao Technical Sentiments

The Moving Average Convergence Divergence (MACD) displays a constant rise in the green histogram with its averages recording a similar price action in the 1D time frame.

Further, the SMA indicator has experienced a positive crossover in the MKR price chart. This suggests that this Ethereum-based altcoin will continue gaining value in the upcoming time.

Will MKR Price Retest $2k This November?

If the bulls continue gaining momentum, the Maker coin price will prepare to retest its resistance trendline of the channel pattern. Maintaining the bullish sentiment could result in it heading toward its upper resistance level of $2,125 this month.

However, if a bearish reversal occurs, this could result in this altcoin retesting its import support trendline of $1,120. Further, if the bears outrun the bulls, this could result in it recording a new yearly low this Q4.

To understand the possibilities of this altcoin achieving the $5k level, read our Maker (MKR) Price Prediction article until 2030!

FAQs

What is the price of Maker?

At the time of writing, the value of 1 MKR crypto was $1,411.

What is the price prediction of MKR?

If the bullish sentiment sustains, this altcoin may retest its yearly high during the upcoming time.

Is Maker Crypto a good buy?

Considering the present market sentiments, this project is a high-risk investment.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Major leadership shift at HK Asia Holdings as Bitcoin Magazine takes the helm

In a significant move that solidifies Bitcoin Magazine’s presence in Asia, HK Asia Holdings (01723HK) has announced key leadership changes effective March 14, 2025 This development marks a

Top Altcoins to Invest in as Pump.fun Mania Fizzles Out

The meme coin frenzy that took the crypto world by storm is now showing signs of exhaustion  Platforms like Pumpfun, which allowed anyone to launch altcoins in minutes, are experiencing a sharp

Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?

As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a

Pakistan forms new ‘Crypto Council’ to regulate blockchain and digital assets

The government of Pakistan has established the Pakistan Crypto Council (PCC) to oversee the integration and use of blockchain technology and digital assets into the nation’s financial landscape

Stablecoins Thrive as Crypto Stumbles: A $4.23B Growth Spree in 2 Weeks

While the crypto market contracted over the past two weeks, the stablecoin sector has ballooned by $423 billion since March 1, defying the broader trend Digital Dollars Dominate With Over 8% of

Ethereum Headed For $1,250 Or Ready For A Reversal? Analysts Weigh In

According to a recent post on X by crypto analyst Ali Martinez, Ethereum (ETH) may be heading to $1,250 as it risks breaking down from a parallel channel However, other analysts suggest a trend