Price Analysis

Maker Price Analysis MKR may drop to $546 USD

Maker Price Analysis:

Maker (MKR) is a token accustomed to proceeds transactions and payments across the globe in an easiest and in low cost. This cryptocurrency is devised to use on Maker Network along with stable coin DAI. Both Maker and DAI ERC-20 tokens are backed by Ethereum ‘s trading pair. This token is not mineable and is manipulated as the result of fluctuations of DAI price to stable it at $1.

Maker (MKR) News:

Celer Network announced to integrate with DAI into mobile app of Celler X:

TokenCard tweeted on July 8, 2019.

 

 

Maker Price Statistical Data:

Price value of Maker (MKR) is $663.43 USD and 0.05681342 BTC.

  • The market rank of Maker (MKR) is #24.
  • The 24 hour volume of Maker (MKR) is $1,352,549 USD, 115.83 BTC and 4,899 ETH.
  • The total market cap of token is $663,426,620 USD, 56, 83 BTC and 2,402,955 ETH.
  • The circulating supply of Maker (MKR) is 1,000,000 MKR.

Maker Price Comparison:

One year data of token is showing the surge of token in one year (2018-2019) from $577.72 to $663.43 USD. But this surge will not sustain in next coming weeks. The price rate may drop from $663.9 USD TO $546.4 USD.

The first support level will be at 4643.976, second support level at $626.83 US and third support level will be at $599.36 USD.

Maker (MKR) Price prediction:

There is a very strong resistance level at $699.48 USD which is acting as a strong wall against trend line of Maker (MKR).

The trend line will bear the first resistance level at $688.586 USD, second at $716.051 and third resistance level will be at $733.196 USD.

 

Conclusion:

The market of Maker (MKR) will remain under the dark shadows of bearish trend.

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