YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
  • Live Prices
  • Crypto News
    • Altcoins
    • Bitcoin
  • Defi News
  • NFT News
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
YourCryptoNews
No Result
View All Result

MKR/USD Dives Below $950 Level

October 10, 2022
in Blockchain
Reading Time: 4 mins read
A A
MKR/USD Dives Below $950 Level
ShareShareShareShareShare

You might also like

The California DMV is set to digitize car titles and title transfers

The California DMV is set to digitize car titles and title transfers

January 28, 2023
OXT/USD Rises Above $0.10; What Next?

OXT/USD Rises Above $0.10; What Next?

January 28, 2023

Join Our Telegram channel to stay up to date on breaking news coverage

The Maker price prediction shows that MKR may head to the downside as the price is down by 5.04% over the last 24 hours.

Maker Prediction Statistics Data:

  • Maker price now – $925
  • Maker market cap – $901 million
  • Maker circulating supply – 977.6 thousand
  • Maker total supply – 977.6 thousand
  • Maker Coinmarketcap ranking – #52

MKR/USD Market

Key Levels:

Resistance levels: $1200, $1300, $1400

Support levels: $800, $700, $600

MKRUSD – Daily Chart

Buy Maker Now

Your capital is at risk

BC.Game Casino

MKR/USD may continue to drop lower if the coin slide below the 9-day moving average. During the European session, the Maker (MKR) failed to cross above the upper boundary of the channel as the coin falls back below the daily high of $976 level. At the moment, if the bears push the market further lower, immediate support below the $900 level may be located. Beneath this, further support could be found at $800, $700, and $600 respectively.

Maker Price Analysis: MKR Price Heads to the Downside

If the buyers can revisit the resistance level of $976 and the Maker price begins to climb higher, bulls may expect immediate resistance to be located at $1000 resistance, which is above the upper boundary of the channel. However, moving a little bit higher may locate the higher resistance levels at $1200, $1300, and $1400. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below the 70-level, which shows that the market may follow the bearish movement.

Against Bitcoin, the Maker is sliding towards the 9-day and 21-day moving averages. Therefore, if the coin crosses below this barrier, the Maker (MKR) may perpetually be under the control of a bear. Meanwhile, traders need more strong and more consistent resistance to keep the price from the bear run.

MKRBTC – Daily Chart

However, with the current movement in the daily chart, if the price crosses above the upper boundary of the channel, it may likely reach the potential resistance level at 6000 SAT and above. On the contrary, if the market price heads toward the lower boundary of the channel, it could hit the critical support at 4000 SAT and below as the technical indicator Relative Strength Index (14) prepares to move away from the overbought region.

Tamadoge – Play to Earn Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum Supply of 2 Bn, Token Burn
  • Now Listed on OKX, Bitmart, Uniswap
  • Upcoming Listings on LBank, MEXC

Tamadoge logo


 

Join Our Telegram channel to stay up to date on breaking news coverage

Credit: Source link

Related Stories

The California DMV is set to digitize car titles and title transfers
Blockchain

The California DMV is set to digitize car titles and title transfers

January 28, 2023
OXT/USD Rises Above $0.10; What Next?
Blockchain

OXT/USD Rises Above $0.10; What Next?

January 28, 2023
SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification
Blockchain

SEC Probes Investment Advisers Offering Crypto Custody Without Proper Qualification

January 28, 2023
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender
Blockchain

Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

January 28, 2023
Next Post

Ripple will be the basic layer for these CBDCs and stablecoins

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Mango Labs Sues Avraham Eisenberg for $47 Million

Mango Labs Sues Avraham Eisenberg for $47 Million

January 27, 2023
Charles Hoskinson Mirrors Deaton’s U.S. Crypto Regulatory Predictions

Charles Hoskinson Mirrors Deaton’s U.S. Crypto Regulatory Predictions

January 25, 2023

Popular Story

    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA

    © 2021 - YourCryptoNews.net - All rights reserved!

    No Result
    View All Result
    • Live Prices
    • Crypto News
      • Altcoins
      • Bitcoin
    • Defi News
    • NFT News
    • Blockchain
    • Regulations
    • Trading
    • Scams

    © 2021 - YourCryptoNews.net - All rights reserved!

    • bitcoinBitcoin (BTC) $ 23,001.00 0.27%
    • ethereumEthereum (ETH) $ 1,569.84 1.74%
    • tetherTether (USDT) $ 1.00 0.03%
    • usd-coinUSD Coin (USDC) $ 1.00 0.07%
    • bnbBNB (BNB) $ 305.23 0.88%
    • xrpXRP (XRP) $ 0.408988 1.02%
    • binance-usdBinance USD (BUSD) $ 1.00 0.03%
    • cardanoCardano (ADA) $ 0.381679 1.9%
    • dogecoinDogecoin (DOGE) $ 0.087813 0.84%
    • matic-networkPolygon (MATIC) $ 1.14 1.59%
    • okbOKB (OKB) $ 39.22 7.9%
    • solanaSolana (SOL) $ 23.88 1.48%
    • staked-etherLido Staked Ether (STETH) $ 1,567.83 1.63%
    • polkadotPolkadot (DOT) $ 6.37 2.72%
    • shiba-inuShiba Inu (SHIB) $ 0.000012 0.41%
    • avalanche-2Avalanche (AVAX) $ 20.64 2.96%
    • litecoinLitecoin (LTC) $ 89.07 0.17%
    • tronTRON (TRX) $ 0.063145 0.41%
    • daiDai (DAI) $ 1.00 0.07%
    • uniswapUniswap (UNI) $ 6.60 3.66%
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,989.00 0.05%
    • cosmosCosmos Hub (ATOM) $ 13.13 1.92%
    • the-open-networkToncoin (TON) $ 2.50 1.61%
    • chainlinkChainlink (LINK) $ 7.19 2.26%
    • leo-tokenLEO Token (LEO) $ 3.78 1.59%
    • moneroMonero (XMR) $ 185.12 2.97%
    • ethereum-classicEthereum Classic (ETC) $ 21.67 1.26%
    • aptosAptos (APT) $ 17.85 0.48%
    • bitcoin-cashBitcoin Cash (BCH) $ 131.56 2.18%
    • stellarStellar (XLM) $ 0.092867 0.2%
    • apecoinApeCoin (APE) $ 5.99 5.28%
    • quant-networkQuant (QNT) $ 149.42 1.8%
    • nearNEAR Protocol (NEAR) $ 2.46 4.14%
    • crypto-com-chainCronos (CRO) $ 0.081154 0.89%
    • filecoinFilecoin (FIL) $ 5.24 2.71%
    • lido-daoLido DAO (LDO) $ 2.23 7.42%
    • algorandAlgorand (ALGO) $ 0.255925 1.01%
    • vechainVeChain (VET) $ 0.024130 2.82%
    • internet-computerInternet Computer (ICP) $ 6.01 0.38%
    • hedera-hashgraphHedera (HBAR) $ 0.066969 4.02%
    • axie-infinityAxie Infinity (AXS) $ 11.35 1.3%
    • decentralandDecentraland (MANA) $ 0.690141 1.3%
    • aaveAave (AAVE) $ 83.80 3.83%
    • eosEOS (EOS) $ 1.09 1.96%
    • the-sandboxThe Sandbox (SAND) $ 0.738403 0.5%
    • fantomFantom (FTM) $ 0.444810 5.21%
    • elrond-erd-2MultiversX (EGLD) $ 44.44 0.38%
    • flowFlow (FLOW) $ 1.05 2.44%
    • theta-tokenTheta Network (THETA) $ 1.07 4.53%
    • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 0.51%