Maker(MKR) recent price action has caught traders’ attention as it struggles to maintain key support levels following a failed breakout attempt. After briefly pushing above $1,575, the token faced strong rejection and slipped into a downward slide. With the RSI entering oversold territory and MACD confirming bearish momentum, the short-term trend appears fragile. This analysis breaks down the last 24 hours of movement, highlighting critical technical levels and what could come next for MKR.
Maker(MKR) Price Analysis of May 3rd, 2025
MKR price stayed mostly flat from 13:00 to 16:00 UTC, hovering near $1,525 with little direction. Traders seemed unsure, waiting for a stronger signal. Things started to shift by 16:00 UTC when Maker price moved into an ascending channel. Between 16:00 and 19:00 UTC, a bullish triangle began forming. With the MACD showing a golden cross and RSI bouncing off 40, signs of strength were building. Buyers started stepping in, and momentum slowly tilted toward the upside.
Chart 1- Analyzed by Alokkp0608, published on May 3rd, 2025.
From 19:00 to 22:00 UTC, MKR price steadily increased from $1,540 to $1,575, hitting a significant resistance zone. The RSI indicated overbought, and the MACD was very bullish. The price couldn’t push past $1,575 and was rejected, as we can see that there was a definite rejection to that resistance, and it was a significant wall of resistance. At that time, buyers lost their strength levels, and so some buyers started to exit; at that time, the bullish move was halted, so there was a bit of concern for the whole sentiment level.
Consolidation and Signs of Weakness
Following the rejection, Maker price retraced downward to roughly $1,545 between 22:00 UTC and 01:00 UTC. Most noticeably, the MACD transitioned to a bearish crossover, and the RSI unfurled below 50, both directional indicators illustrated waning momentum. Between 01:00 and 04:00 UTC, MKR traded sideways in a consolidated $10 range.
Between 04:00 and 07:00 UTC, the tone turned more bearish. The RSI fell below 40, and another MACD death cross appeared. MKR began sliding lower, heading back toward the $1,540 support zone. This pressure continued into the next few hours. From 07:00 to 10:00 UTC, the price briefly dipped below $1,540, testing the support repeatedly. Even though there was a weak bullish signal on the MACD, it didn’t hold, and sellers kept the upper hand.
Support Break Sparks Further Selling
Between 10:00 – 13:00 UTC, MKR price breached a strong support price of $1,535, with an eventual low of $1,529 in the 24-hour monitoring period. The RSI reached an oversold condition, falling close to 19, while the MACD was still showing growing downside momentum. It seems we are now weak as the structure´s ascending pattern and horizontal support have been breached, and it will be difficult to identify any good reasons for buying. If bulls cannot defend the $1,520 area next, then we could see even lower prices ahead.
Bearish Continuation Threatens Key Support Zone
MKR price appears to have entered a short-term bearish phase, with momentum building below the $1,535 support zone. With RSI holding below 30 and MACD extending into negative territory, the market shows no sign of relief yet. If $1,529 fails to hold, the next probable support sits at $1,520, with $1,500 becoming a psychological floor. For buyers to regain control, prices must reclaim $1,545 for MKR recovery, then $1,560, backed by a bullish MACD crossover and RSI rebounding above 45. Until then, the structure favors continued downside pressure.
Maker(MKR) Price Analysis of May 7th, 2025
The MKR price action over the last 24 hours shows a volatile but structured journey through a descending, sideways, and then ascending pattern. The market opened around $1,526 and quickly slipped into a sharp decline. Between 08:00 and 14:00 UTC, the Maker price followed a clear downtrend channel, moving from $1,520 to as low as $1,453. MACD triggered multiple bearish crossovers in this phase, and RSI dipped into oversold territory three times, confirming strong bearish momentum. Despite attempts at recovery mid-way, the sellers controlled direction until a bottom was formed near the $1,440–$1,450 zone.
Chart 2- MKR/USDT M5 Chart Analyzed by Alokkp0608, published on May 7th, 2025.
From 14:00 to 20:00 UTC, MKR price entered a sideways consolidation path, swinging between the $1,455 and $1,475 levels with repeated false breakouts. The support level at $1,440 was tested multiple times, but the price stayed slightly above it for most of this window. RSI frequently hovered near 40 but avoided returning to oversold, while MACD flipped indecisively, showing brief golden crosses with low follow-through. This suggested that short-term traders were hesitant, awaiting a directional push. However, the larger downtrend pressure remained intact until a decisive dip below $1,440 happened in the later part of this range.
A Shift from Weakness to Recovery
A strong reversal in MKR price occurred between 20:00 UTC and 02:00 UTC after breaking through the support of $1,440 at 21:30 UTC, and reaching $1,423, The price began a sharp recovery. The recovery trend quickly shifted into an uptrend channel after MKR recovered from $1,425 to a high of $1,495 by 00:40 UTC. RSI touched above 70 on two occasions during this MKR recovery, entering a zone of overbought, and produced a strong golden cross when MACD crossed over on the downside, near 22:00 UTC, lending bullish momentum. The clear sentiment change indicated bulls were back in short-term control, trying to push towards a daily resistance level of $1,520.
From 02:00 UTC to 05:00 UTC, the price briefly dipped again but remained above $1,460, preserving the overall uptrend structure. Although a minor death cross appeared on the MACD around 03:00 UTC, it was quickly reversed by another bullish crossover. RSI briefly dropped to the 40 zone, suggesting temporary weakness, but did not enter oversold. The $1,460 level acted as a key intraday support during this retracement. This phase appeared more like a healthy pullback rather than a bearish reversal, paving the way for the next leg up.
Stabilization Within Range Sets the Tone
From 05:00 UTC to 08:00 UTC, MKR price settled into a sideways range just under $1,500. The price maintained higher lows, oscillating between $1,475 and $1,495, signaling consolidation after the recent climb. RSI touched overbought territory again near 06:40 UTC but stayed in a balanced range thereafter. MACD printed a golden cross again near 07:30 UTC, though the histogram showed weakening momentum. The market lacked clear conviction but did not show signs of profit-taking or rejection either. Traders appeared to be positioning around the $1,490–$1,500 level, watching closely for a breakout or rejection near the resistance at $1,520.
MKR Recovery Attempt Faces Key Resistance
Maker Price is showing signs of a cautious recovery, but bullish continuation hinges on a breakout above $1,520. Price momentum turned upward after touching $1,423, with clear bullish behavior shown by golden MACD crossovers and repeated RSI overbought signals. However, failure to close above the $1,500 mark raises questions about buying strength. If MKR breaks above $1,520 with volume, a move toward $1,540–$1,560 is possible. On the downside, $1,460 remains the short-term support to watch. RSI is neutral now but leaning bullish, while MACD is showing upward pressure. The trend is cautiously optimistic but still vulnerable to resistance or rejection.
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