{"id":635406,"date":"2024-08-14T16:00:41","date_gmt":"2024-08-14T16:00:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=635406"},"modified":"2024-08-14T12:37:43","modified_gmt":"2024-08-14T12:37:43","slug":"maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/altcoin\/maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test\/","title":{"rendered":"Maker Sees 7% Upswing As Key Indicators Signal $2,662 Resistance Test"},"content":{"rendered":"

Maker<\/span><\/a> (MKR) is currently demonstrating bullish moves with a 7% upswing, positioning it for a critical resistance test at $2,662. This surge reflects growing optimistic sentiment as key technical indicators suggest that the cryptocurrency could be on the verge of a significant breakout. As the market turns green, expectations are that the price of Maker maintain this momentum and push through the $2,662 resistance level, potentially setting the stage for further gains.<\/span><\/p>\n

This article tends to offer a clear understanding of Maker’s potential price <\/span>trajectory<\/span><\/a> by analyzing the recent price movement, exploring technical indicators, and assessing the significance of the $2,662 resistance level.\u00a0<\/span><\/p>\n

In the past 24 hours, Maker has gone up by 7.01%, reaching around $2,133, with a market capitalization of over $1.9 billion and a trading volume exceeding $114 million at the time of writing. Maker’s <\/span>market<\/span><\/a> cap has increased by 7.14%, while its trading volume has surged by 66.30%.<\/span><\/p>\n

Understanding The 7% Surge: What\u2019s Driving Maker\u2019s Momentum?<\/strong><\/h2>\n

Currently, the price of Maker on the 1-hour chart is <\/span>bullish<\/span><\/a> and is approaching the 100-day Simple Moving Average (SMA) and the $2,662 mark. The digital asset has been on an upward spiral since it failed to break below the key level of $1,731, which indicates that the bulls are gaining control of the market and could drive the price higher.<\/span><\/p>\n

\"Maker\"
Maker surges after a rebound at $1,731 | Source: MKRUSDT on Tradingview.com<\/figcaption><\/figure>\n

Additionally, an analysis of the 1-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% toward 70%, suggesting that buying pressure greatly increases and the asset might experience further upward movement.<\/span><\/p>\n

On the 4-hour, although Maker is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move toward the 100-day SMA, printing two bullish momentum candlesticks.\u00a0<\/span><\/p>\n

\"Maker\"
Maker’s rally targets $2,662 | Source: MKRUSDT on Tradingview.com<\/figcaption><\/figure>\n

After the rebound at $1,731, Maker has shown bullish resilience, keeping its pace above this level. With this recent <\/span>bullish sentiment<\/span><\/a>, the digital asset could extend its rally toward the $2,662 resistance level.<\/span><\/p>\n

Finally, on the 4-hour chart, the RSI indicator also indicates a rising bullish momentum for the cryptocurrency as the RSI signal line has moved out of the overbought zone and is currently heading toward the 50% level.<\/span><\/p>\n

Breaking Through $2,662: What It Could Mean For The Future Of Maker<\/strong><\/h2>\n

If the bulls can sustain their strength in the market, the price of Maker will continue to move upward toward the $2,662 resistance level. Should the price break and close above the $2,662 level, it may continue to rally toward the next resistance point at $3,222 and possibly other levels.<\/span><\/p>\n

However, if Maker reverses direction at the $2,662 resistance level, it would begin to drop toward the direction of its previous <\/span>support<\/span><\/a> range at $1,731. When the price breaches this support range, it could signal a deeper bearish trend, leading to further price declines towards other lower levels.<\/span><\/p>\n

\"Maker\"
MKR trading at $2,118 on the 1D chart | Source: MKRUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Adobe Stock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Maker (MKR) is currently demonstrating bullish moves with a 7% upswing, positioning it for a critical resistance test at $2,662. This surge reflects growing optimistic sentiment as key technical indicators suggest that the cryptocurrency could be on the verge of a significant breakout. As the market turns green, expectations are that the price of Maker maintain this momentum and push through the $2,662 resistance level, potentially setting the stage for further gains. This article tends to offer a clear understanding of Maker’s potential price trajectory by analyzing the recent price movement, exploring technical indicators, and assessing the significance of the $2,662 resistance level.\u00a0 In the past 24 hours, Maker has gone up by 7.01%, reaching around $2,133, with a market capitalization of over $1.9 billion and a trading volume exceeding $114 million at the time of writing. Maker’s market cap has increased by 7.14%, while its trading volume has surged by 66.30%. Understanding The 7% Surge: What\u2019s Driving Maker\u2019s Momentum? Currently, the price of Maker on the 1-hour chart is bullish and is approaching the 100-day Simple Moving Average (SMA) and the $2,662 mark. The digital asset has been on an upward spiral since it failed to break below the key level of $1,731, which indicates that the bulls are gaining control of the market and could drive the price higher. Additionally, an analysis of the 1-hour Relative Strength Index (RSI) shows that the signal line of the indicator has successfully risen above 50% toward 70%, suggesting that buying pressure greatly increases and the asset might experience further upward movement. On the 4-hour, although Maker is still trading below the 100-day SMA, it can be observed that the crypto asset is attempting a bullish move toward the 100-day SMA, printing two bullish momentum candlesticks.\u00a0 After the rebound at $1,731, Maker has shown bullish resilience, keeping its pace above this level. With this recent bullish sentiment, the digital asset could extend its rally toward the $2,662 resistance level. Finally, on the 4-hour chart, the RSI indicator also indicates a rising bullish momentum for the cryptocurrency as the RSI signal line has moved out of the overbought zone and is currently heading toward the 50% level. Breaking Through $2,662: What It Could Mean For The Future Of Maker If the bulls can sustain their strength in the market, the price of Maker will continue to move upward toward the $2,662 resistance level. Should the price break and close above the $2,662 level, it may continue to rally toward the next resistance point at $3,222 and possibly other levels. However, if Maker reverses direction at the $2,662 resistance level, it would begin to drop toward the direction of its previous support range at $1,731. When the price breaches this support range, it could signal a deeper bearish trend, leading to further price declines towards other lower levels. Featured image from Adobe Stock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":635410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[16218,16359,79657,79658,16393,14763,91599,85676],"class_list":["post-635406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-maker","tag-mkr","tag-mkrusd","tag-mkrusdt","tag-relative-strength-index","tag-rsi","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nMaker Sees 7% Upswing As Key Indicators Signal $2,662 Resistance Test<\/title>\n<meta name=\"description\" content=\"Maker (MKR) is currently demonstrating bullish moves with a 7% upswing, positioning it for a critical resistance test at $2,662.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Maker Sees 7% Upswing As Key Indicators Signal $2,662 Resistance Test","url":"http:\/\/ktsl888.com\/altcoin\/maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/altcoin\/maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Maker-from-Adobe-Stock.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Maker-from-Adobe-Stock.jpg?fit=540%2C360"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["maker","mkr","mkrusd","mkrusdt","relative strength index","rsi","simple moving average","sma"],"dateCreated":"2024-08-14T16:00:41Z","datePublished":"2024-08-14T16:00:41Z","dateModified":"2024-08-14T16:00:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Maker Sees 7% Upswing As Key Indicators Signal $2,662 Resistance Test\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/altcoin\\\/maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/altcoin\\\/maker-sees-7-upswing-as-key-indicators-signal-2662-resistance-test\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Maker-from-Adobe-Stock.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Maker-from-Adobe-Stock.jpg?fit=540%2C360\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"maker\",\"mkr\",\"mkrusd\",\"mkrusdt\",\"relative strength index\",\"rsi\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-08-14T16:00:41Z\",\"datePublished\":\"2024-08-14T16:00:41Z\",\"dateModified\":\"2024-08-14T16:00:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Maker-from-Adobe-Stock.jpg?fit=540%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/635406"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=635406"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/635406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/635410"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=635406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=635406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=635406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}