Maker is Predicted to Drop to $ 1,015.86 By Aug 11, 2022

Maker is predicted to decrease -10.09% in the next 5 days and hit a price target of $1,015.86 per MKR. Check out today's Maker price prediction to learn why.

Maker is Predicted to Drop to $ 1,015.86 By Aug 11, 2022
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 4.53% today against the US DollarMKR/BTC increased by 4.50% todayMaker is currently trading 11.21% above our prediction on Aug 11, 2022Maker gained 17.53% in the last month and is down -62.67% since 1 year agoMaker price$ 1,129.78Maker prediction $ 1,015.86 (-10.09%)Sentiment NeutralFear & Greed index 31 (Fear)Key support levels$ 1,072.36, $ 1,029.90, $ 1,007.81Key resistance levels$ 1,136.92, $ 1,159.01, $ 1,201.48MKR price is expected to drop by -10.09% in the next 5 days according to our Maker price predictionMaker price today is trading at $ 1,129.78 after gaining 4.53% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.95% in the same time period. MKR performed well against BTC today and recorded a 4.50% gain against the world’s largest cryptocurrency.According to our Maker price prediction, MKR is expected to reach a price of $ 1,015.86 by Aug 11, 2022. This would represent a -10.09% price decrease for MKR in the next 5 days.MKR Price Prediction ChartBuy/Sell MakerWhat has been going on with Maker in the last 30 daysMaker has been displaying a positive trend recently, as the coin gained 17.53% in the last 30-days. The medium-term trend for Maker has been bearish, with MKR dropping by -19.96% in the last 3 months. The long-term picture for Maker has been negative, as MKR is currently displaying a -62.67% 1-year price change. On this day last year, MKR was trading at $ 3,026.47.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 $ 1,170.84, while the cycle low is at $ 659.09. MKR has been displaying low volatility recently – the 1-month volatility of the coin is at 7.95. Maker recorded 15 green days in the last 30 days.Maker technical analysis for today - Aug 06, 2022The sentiment in the Maker markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 1,072.36, $ 1,029.90 and $ 1,007.81, while $ 1,136.92, $ 1,159.01 and $ 1,201.48 are the key resistance levels.Neutral sentiment for Maker15 indicators are currently signaling a bullish prediction for Maker, while 13 indicators are showing a bearish forecast. With 54% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Maker.Crypto market is currently experiencing FearCurrently, the Fear & Greed index is at 31 (Fear), which signals that investors have a negative 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 & oscillatorsLet’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 ExponentialMA3$ 1,069.14 (BUY)$ 1,114.83 (BUY)--MA5$ 1,064.18 (BUY)$ 1,083.92 (BUY)--MA10$ 1,081.21 (BUY)$ 1,067.17 (BUY)--MA21$ 1,020.68 (BUY)$ 1,033.23 (BUY)$ 1,373.44 (SELL)$ 1,282.34 (SELL)MA50$ 963.84 (BUY)$ 1,026.88 (BUY)$ 2,011.46 (SELL)$ 1,720.61 (SELL)MA100$ 1,110.79 (BUY)$ 1,166.64 (SELL)$ 2,015.31 (SELL)$ 1,767.31 (SELL)MA200$ 1,533.37 (SELL)$ 1,482.53 (SELL)$ 1,271.25 (SELL)$ 1,512.20 (SELL)PeriodValueActionRSI (14)59.58NEUTRALStoch RSI (14)48.77NEUTRALStochastic Fast (14)62.97NEUTRALCommodity Channel Index (20)66.67NEUTRALAverage Directional Index (14)16.38NEUTRALAwesome Oscillator (5, 34)99.43NEUTRALMomentum (10)149.49NEUTRALMACD (12, 26)4.47NEUTRALWilliams Percent Range (14)-37.03NEUTRALUltimate Oscillator (7, 14, 28)48.00NEUTRALVWMA (10)1,073.26SELLHull Moving Average (9)1,062.57SELLIchimoku Cloud B/L (9, 26, 52, 26)985.54NEUTRALThe 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 59.58, 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 predictionAfter considering the above factors, we can conclude that the current forecast for Maker price prediction is Neutral. MKR would have to decrease by -10.09% to hit our $ 1,015.86 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.