Are you looking to invest in Maker and are still wondering whether it’s a good time to enter the market? In that case, this latest Maker price analysis is going to help you make an informed decision. In the last 24 hours, Maker has shown impressive gains, rising by almost 11%. The price action began with some consolidation, but soon found stable bullish trends to ascend the charts. Several trading ranges were also seen, which helped the MKR price stabilize and resist any reversals. The crypto seems to have followed the broader trend, also rallying behind the Bitcoin bull run. Maker price was also able to breach the $1,400 psychological barrier, which has eluded Maker since early March. Without further ado, let’s delve into the MKR price action and explore possible scenarios for the coming days.
Maker Price Analysis of the Last 24 Hours
Maker commenced trading yesterday at $1,344, following an 8-hour-long consolidation phase from the previous day. With a death cross on the MACD indicator, it initially slumped to $1,330. The RSI also dipped to oversold levels, and an uptrend was seen. The uptrend plateaued soon at $1,356 as another death cross followed. The brief downturn eventually led to a slim trading range being formed, as the Maker price fluctuated between $1,350 and $1,337. This range continued until 7:00 UTC. At the same time, a notable golden cross formed on the MACD, and upward movement was observed on the chart.
Chart 1: published on TradingView, April 23, 2025
The upward MKR breakout led it to $1,387 as the RSI indicated heavily overbought conditions. Again, a heavy trend reversal was expected. A death cross at 8:35 UTC corroborated a downturn, but the bullish pressure helped Maker form another trading range, resisting any pullbacks. With support at $1,379, MKR continued to fluctuate until 13:30 UTC. The 13:40 golden cross eventually led MKR to an upward breakout. The golden cross widened around 14:20, and MKR shot past the $1,400 resistance, facing reversal only at $1,458 at 15:00 UTC. Overbought levels were observed once again at this point.
The reversal came, but the MKR price held on to $1,408 for support. Once again, a trading range formed as MKR prevented further downs. The trading range lasted till 21:00 UTC, resisting the bullish pressure. At 21:05, a golden cross formed, and another upward MKR breakout was observed, leading MKR to test the $1,460 resistance. The initial attempt failed, and MKR stabilized near the resistance level.
MKR Price Action on April 23
Today, MKR began with a consolidation phase, preparing for another breakout. One hour into the day, the breakout arrived as a golden cross formed. A confident uptrend saw MKR break the $1,460 resistance and continue moving on, despite the RSI noting overbought levels. The RSI has since recovered, but the uptrend has continued, thanks to the bullish pressure.
Maker Price Prediction: Can Maker Make it to $1500 and Beyond?
Given the recent crypto market boom, Maker is enjoying a definitive bull run. It has breached the $1,400 barrier, a level not seen since early March. Its movements have been decisive, avoiding potential downturns even after dramatic positive movements. This goes on to show that the bulls are dictating the price action. As of now, the Maker price is veering closer to the $1,500 level. The RSI looks conducive for further upward movement. If the patterns continue, even if the coin is overbought, it will form a trading range and outlast any bearish pressure in the coming hours. $1,500 is imminent, but it will be worth noting how far Maker will go.
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