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MKR

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Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (March 27) – MKR Posts Major Gains After Slight Pullback, Signals Bullish

This month's bounce has brought a notable increase in MKR's price as it now sits well above $1.4k, following a 15% gain in the past week. It has formed a new bullish pattern and looks ready for a big rally. During last week's trading, MKR rejected $1,360 after initiating a fresh buy above $1k in the preceding week. This led to a slight pullback, and the crypto closed that week on a bearish note. Things turned out positive this week as volatility increased and the price surged consistently to where it is trading above $1.4k. This surge signals a rising demand on the daily chart, and with the look of things, the price may rally hard soon. As we can see, the trading landscape has changed a little with a higher low pattern on the daily chart. The currently formed […]

Michael Fasogbon March 27, 2025

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Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (March 17) – MKR Signals a Fresh Increase Above $1k, Potential Shift Ahead 

Following several ups and downs in the past month, MKR found support this week and is now showing signs of strength due to a 7% increase in the last 24 hours. It signals a shift but is unclear at the moment. Last month saw MKR through a notable increase after dropping straight for three months, although the increase was quickly short-lived under $1.8k and the crypto lost grip. After two weeks of bearishness, it stayed well above $1k this week and traded calmly after multiple rejections. Holding this psychological level as support, it has shown strength today due to rising demand but still needs to close above well $1.2k to validate a bullish move. If that happens, we can expect a major rally in the next few days. A rally above the previous monthly high should trigger a shift. In […]

Michael Fasogbon March 16, 2025

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Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (March 10) – MKR Posts 9% Gains After Locating Support Above $1.2k, Will it Hold?

Facing a tough rejection late last month, MKR resumed bearish and registered over 30% loss in the past week. However, it has managed to stay above $1.2k for two days but there's no assurance if it will hold. Last month collapse to exactly $778 marked MKR lowest price level in almost a year. Though it initiated a retracement following previous bounce patterns and the price increased for three weeks. The $1,800 level posed a threat and the retracement halted in the late month. That led to a drop, and the crypto entered this month on a bearish note. It found support above $1,200 on Friday and increased to around $1,336 after failing to push above $1,388 this morning. The price currently looks weak. Holding well above this support level could fuel a new bullish move on a daily. Such a […]

Michael Fasogbon March 10, 2025

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