![Maker [MKR]: A move to $800 is likely if bulls clear this hurdle](https://i.headtopics.com/images/2023/1/23/cryptoamb/maker-mkr-a-move-to-800-is-likely-if-bulls-clear-t-maker-mkr-a-move-to-800-is-likely-if-bulls-clear-t-1617410049101422593.webp)
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MKR could move to the $800 region. Short-term holders saw gains, unlike long-term holders. Maker [MKR] offered investors over 45% gains in the past few weeks after rising from $504 to $746. However, it […]
On the 12-hour chart, key technical indicators showed a strongly bullish MKR. In particular, Relative Strength Index was at 62 after facing rejection at the 50-mark. It indicates a bullish momentum as buying pressure increased with the rising volumes, as evidenced by the On Balance Volume .
In addition, the Money Flow Index exhibited an uptick, indicating that accumulation was underway. Therefore, MKR bulls could attempt to overcome the selling pressure zone and target the $832 resistance level in the next few days/weeks. However, bulls must also deal with the obstacle of $774.Alternatively, the selling pressure zone could overwhelm bulls, giving bears more control in the market. This could see bears lower MKR price to $669 or $633 and invalidate the above bullish bias.
However, the asset’s weighted sentiment dropped, switching from positive to negative by the time of publication. This shows a lack of investor confidence that could weigh down MKR’s price rally, especially around the selling pressure zone.On the other hand, MKR’s open interest rate rose sharply from January 19, indicating more money flowed into its futures market. If the trend continues, MKR’s uptrend momentum could be boosted to overcome the selling pressure zone.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
MakerDAO: New proposal seeks the promotion of USDP and the increment of…Paxos, in a new proposal, is asking MakerDAO to promote the use of its USDP stablecoin and increase the USDP Debt Ceiling. MKR has seen increased accumulation in the past few weeks. In a new proposal, Stablecoin issuer Paxos proposed the payment of monthly marketing fees to the leading decentralized finance (DeFi) protocol, MakerDAO, to […]
اقرأ أكثر »
Litecoin: Bulls could aim for $92, but only if BTC maintains this levelDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC could target a critical overhead resistance. LTC recorded a drop in active addresses, but open interest increased gradually. Litecoin [LTC] has been rallying since late December 2022, with occasional corrections. It gained over […]
اقرأ أكثر »
Polygon: Are more gains likely for long-term MATIC holders?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MATIC was bullish on a lower timeframe. Short-term HODLers saw 18% profit from the recent rally. Polygon’s [MATIC] rally on 20 January posted about 10% gains after the asset rose from $0.9400 to $1.0400. […]
اقرأ أكثر »
![Going long on Dogecoin [DOGE]? Here’s what you need to know](https://i.headtopics.com/images/2023/1/22/cryptoamb/going-long-on-dogecoin-doge-here-s-what-you-need-t-going-long-on-dogecoin-doge-here-s-what-you-need-t-1616926867956563975.webp?w=640)
Going long on Dogecoin [DOGE]? Here’s what you need to knowDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion DOGE could aim at its December high in the next few weeks. Long-term holders of the memecoin saw gains. Like most altcoins, Dogecoin [DOGE] rallied in the new year. It rose from $0.06756 to […]
اقرأ أكثر »
![Algorand’s [ALGO] long bets can work only if these conditions are met](https://i.headtopics.com/images/2023/1/22/cryptoamb/algorand-s-algo-long-bets-can-work-only-if-these-c-algorand-s-algo-long-bets-can-work-only-if-these-c-1617047665933488128.webp?w=640)
Algorand’s [ALGO] long bets can work only if these conditions are metDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ALGO could experience a 25% potential gain in the next few weeks. The altcoin posted impressive development activity since the start of the year. Algorand’s [ALGO] recent rally is yet to reclaim the pre-FTX […]
اقرأ أكثر »
![Is Solana [SOL] headed toward $33? Technical tools indicate…](https://i.headtopics.com/images/2023/1/22/cryptoamb/is-solana-sol-headed-toward-33-technical-tools-ind-is-solana-sol-headed-toward-33-technical-tools-ind-1617183557910241283.webp?w=640)
Is Solana [SOL] headed toward $33? Technical tools indicate…Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure remained bullish, and pullbacks were shallow A surge above $25.3 would underline the likelihood of a move to $28.7 and higher In November and December, Solana registered large losses on the price […]
اقرأ أكثر »