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Maker Price Prediction – MKR Price Estimated to Reach $ 757.39 By Feb 07, 2023

1y ago
bullish:

0

bearish:

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Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Maker is up 10.56% today against the US Dollar
  • MKR/BTC increased by 6.57% today
  • MKR/ETH increased by 3.41% today
  • Maker is currently trading 8.39% below our prediction on Feb 07, 2023
  • Maker gained 34.96% in the last month and is down -69.11% since 1 year ago
Maker price$ 693.85
Maker prediction $ 757.39 (9.16%)
Sentiment Neutral
Fear & Greed index 60 (Greed)
Key support levels$ 637.44, $ 605.32, $ 587.74
Key resistance levels$ 687.14, $ 704.73, $ 736.84

MKR price is expected to rise by 9.16% in the next 5 days according to our Maker price prediction

Maker price today is trading at $ 693.85 after gaining 10.56% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.21% in the same time period. MKR performed well against BTC today and recorded a 6.57% gain against the world’s largest cryptocurrency.

According to our Maker price prediction, MKR is expected to reach a price of $ 757.39 by Feb 07, 2023. This would represent a 9.16% price increase for MKR in the next 5 days.

MKR Price Prediction Chart

Buy/Sell Maker

What has been going on with Maker in the last 30 days

Maker has been displaying a positive trend recently, as the coin gained 34.96% in the last 30-days. The medium-term trend for Maker has been bearish, with MKR dropping by -22.51% in the last 3 months. The long-term picture for Maker has been negative, as MKR is currently displaying a -69.11% 1-year price change. On this day last year, MKR was trading at $ 2,246.19.

Maker reached its all-time high price on May 03, 2021, when the price of MKR peaked at $ 6,244.44. The current MKR cycle high is $ 742.07, while the cycle low is at $ 502.86. MKR has been displaying high volatility recently – the 1-month volatility of the coin is at 10.16. Maker recorded 20 green days in the last 30 days.

Maker technical analysis for today - Feb 02, 2023

The sentiment in the Maker markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 637.44, $ 605.32 and $ 587.74, while $ 687.14, $ 704.73 and $ 736.84 are the key resistance levels.

Neutral sentiment for Maker

19 indicators are currently signaling a bullish prediction for Maker, while 10 indicators are showing a bearish forecast. With 66% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Maker.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 60 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Maker moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Maker is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 652.99 (BUY)$ 669.56 (BUY)--
MA5$ 657.37 (BUY)$ 661.39 (BUY)--
MA10$ 665.47 (BUY)$ 663.15 (BUY)--
MA21$ 677.22 (BUY)$ 659.06 (BUY)$ 700.46 (SELL)$ 706.74 (SELL)
MA50$ 604.23 (BUY)$ 642.31 (BUY)$ 1,069.46 (SELL)$ 1,051.44 (SELL)
MA100$ 663.65 (BUY)$ 675.62 (BUY)$ 1,957.30 (SELL)$ 1,342.19 (SELL)
MA200$ 773.22 (SELL)$ 824.17 (SELL)$ 1,300.31 (SELL)$ 1,335.55 (SELL)

PeriodValueAction
RSI (14)52.99NEUTRAL
Stoch RSI (14)43.13NEUTRAL
Stochastic Fast (14)40.85NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)29.58BUY
Awesome Oscillator (5, 34)26.96NEUTRAL
Momentum (10)-40.62NEUTRAL
MACD (12, 26)-6.71NEUTRAL
Williams Percent Range (14)-59.15NEUTRAL
Ultimate Oscillator (7, 14, 28)56.10NEUTRAL
VWMA (10)665.01BUY
Hull Moving Average (9)647.64BUY
Ichimoku Cloud B/L (9, 26, 52, 26)638.09NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Maker is at 52.99, suggesting that MKR is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Maker over the last 50 days. Currently, Maker is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MKR closing price for the last 200 days. MKR is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Maker prediction

After considering the above factors, we can conclude that the current forecast for Maker price prediction is Neutral. MKR would have to increase by 9.16% to hit our $ 757.39 target within the next five days. Moving forward, it will be important to monitor the MKR market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Maker price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

1y ago
bullish:

0

bearish:

0

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