Maker (MKR) and Chia (XCH) Test Key Resistance – Is May the Month These RWA Giants Begin Their Rally?

Maker (MKR) and Chia (XCH) are battling key price levels this month. Both cryptocurrencies are showing signs of potential growth. Investors are keen to see if May will spark a rally. Could these giants of real-world assets be on the brink of a breakout? Read on to discover which coins might skyrocket soon.

Maker (MKR) Price Action: Monthly Gains and Key Market Zones

Maker has shown a 14.06% increase over the past month and an 11.26% rise during the last six months, reflecting steady progress with periods of volatility and correction. Price activity has been defined in a range from $1082 to $1836, illustrating strong investor interest alongside measurable fluctuations. The coin’s performance has steadily built market confidence and marked it as a contender amid broader crypto trends, as it steadily recovers and maintains upward potential.

Current trading remains within the $1082 to $1836 corridor with immediate support at $687 and resistance at $2195, while a second resistance emerges at $2949. Indicators, including an RSI of 58.13 and a momentum value of 14, offer a mixed view, as the market shows balanced conditions with no clear trend dominance. Traders could look for buying near support and consider exits at resistance levels.

Chia Mixed Signals Amid Shifting Trends

Chia showed a mild 1-month gain of nearly 5% contrasted against a notable decline of over 18% in the last six months. Price movement displays a mix of short-term upward momentum and extended bearish pressure, reflecting uneven performance throughout this period. Recent price adjustments suggest underlying volatility as investors weigh near-term gains against longer-term trends.

Currently, Chia trades in a range of approximately $9.38 to $13.37, with support around $7.14 and a stronger level near $3.15. Resistance is identified at $15.12, extending up to $19.11. The market lacks a clear trend, as indicators reveal that neither bulls or bears hold a strong advantage. Traders may find opportunities in range trades and should keep an eye on the neutral RSI and slight downward momentum.

Conclusion

MKR and XCH have reached key resistance levels. If they break through, significant price gains may follow this month. MKR's market strength and XCH's innovative mechanisms are worth watching. Both coins show potential for growth. Trends will depend on market reactions to these critical points.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.