HomeNFT'sMaker Price Forecast for Today, January 7 – MKR Technical Evaluation

Maker Price Forecast for Today, January 7 – MKR Technical Evaluation

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The Maker price prediction sees a 0.18% price increase over the past 24 hours of trading as the cryptocurrency touches the $1778.9 resistance Level.

Maker Prediction Statistics Data:

  • Maker price now – $1739.5
  • Maker market cap – $1.6 billion
  • Maker circulating supply – 920 thousand
  • Maker total supply – 977.6 thousand
  • Maker Coinmarketcap ranking – #91

MKR/USD Market

Key Levels:

Resistance levels: $2100, $2200, $2300

Support levels: $1400, $1300, $1200

-Maker Price Prediction for Today, January 7 – MKR Technical Analysis
MKRUSD – Daily Chart

MKR/USD may spike to the upside as the coin gains a 0.18% price rise after touching the daily low at $1669. The Maker price may face the upside as the red line of the 9-day MA remains above the green line of the 21-day MA. When writing, the movement is shifting back into the bullish favor but any bearish movement below the 9-day MA could lower the price to the support level at $1600.

Maker Price Prediction: Maker (MKR) Ready for a Spike above $1800 Level

The Maker price may need to rise above $1800 if the buyers keep the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower side.

However, toward the upside, the first level of resistance lies at $1750, while the potential resistance levels lie at $2100, $2200, and $2300. Moreover, if the sellers bring the price toward the lower boundary of the channel, traders may expect supports to be located at $1400, $1300, and $1200 while the 9-day MA remains above the 21-day MA to give more bullish signals.

MKR/BTC Could Head to the Upside

Against Bitcoin, the Maker price is hovering above the 9-day and 21-day moving averages as the coin moves toward the upper boundary of the channel. From the above, the nearest resistance level is likely to touch 4500 SAT if the bulls increase the buying pressure. Above this, higher resistance could be located at 5000 SAT and above.

-Maker Price Prediction for Today, January 7 – MKR Technical Analysis-Maker Price Prediction for Today, January 7 – MKR Technical Analysis
MKRBTC – Daily Chart

On the other hand, if the selling pressure creates a fresh low and crosses below the 21-day moving average, lower support may be found at 3000 SAT and below. Meanwhile, the 9-day moving average keeps hovering above the 21-day moving average which shows that the market may be preparing for an uptrend.

Alternatives to Maker

According to the daily chart analysis, should the Maker price remain positioned above the 9-day and 21-day moving averages, there’s a strong potential for it to surpass the upper boundary of the channel. Additionally, observing the daily chart, the 9-day moving average retaining a position above the 21-day moving average would signify bullish market conditions.

Meanwhile, the $BTCMTX token has achieved a presale value close to $7.8 million in its ongoing presale phase. In contrast with established tokens like Maker (MKR), the Bitcoin Minetrix shows significant potential for higher returns due to its early success. Investors are encouraged to explore $BTCMTX’s growth prospects, considering its strong presale momentum and community interest.

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