In this Maker technical analysis, we will examine the current price action, trading volume, key levels and indicators for MKR-BTC. Maker is a decentralized credit platform that enables users to borrow a variety of assets using their MKR tokens as collateral. The platform’s smart contract system ensures that loans are settled in a trustless and automated manner, without the need for intermediaries. With its innovative approach to lending and borrowing, Maker is poised to revolutionize the way we think about credit and financial services.
Maker Price Overview:
As of June 29, 2024, Maker is trading at approximately 0.0403 BTC. Let’s dive into the detailed price action for MKR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.04175 |
| High (H) | 0.04215 |
| Low (L) | 0.04021 |
| Close (C) | 0.0403 |
| Volume (C) | 49.78 |
- Open (O): The opening price for today’s trading session was approximately 0.04175 BTC.
- High (H): Maker reached a daily high of around 0.04215 BTC.
- Low (L): The daily low for MKR-BTC was approximately 0.04021 BTC.
- Close (C): At the time of analysis, Maker is trading near its daily close of 0.0403 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.38% |
| 3D Change (%) | 0.00% |
| 7D Change (%) | 10.08% |
| 30D Change (%) | 1.87% |
| 90D Change (%) | -26.87% |
| YTD Change (%) | 0.32% |
Over the past three days, MKRBTC has fallen by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 10.08%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MKRBTC maintaining an upward trend of approximately 1.87%, despite intermittent fluctuations. Examining the last 90 days, MKRBTC has witnessed substantial decrease of approximately -26.87%, reflecting strong long-term confidence. Year-to-date, MKRBTC has steadily increased by around 0.32%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Maker Live Chart:
You can access a live price chart for MKR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.65676.
- Momentum score is 0.15176.
MKR BTC Technical Analysis
Maker Trading Volume:
The trading volume for Maker (MKR) over the past 24 hours has been insignificant, with approximately 49.78 BTC traded against MKR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): MKR is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Maker is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MKR-BTC is currently in the neutral zone, around 51.04305. This suggests that Maker is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Maker (MKR-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Ride the bullish wave in Maker (MKRBTC) at 4.03e-02 BTC with technical analysis, showcasing strong support and positive indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.