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Cryptoknowmics
2022-10-13 13:53:51

MKR Technical Analysis: Under $1000, Maker Price Hinges At 100 DEMA.

MKR Technical Analysis: Under $1000, Maker Price Hinges At 100 DEMA.

The MKR technical analysis displays a bullish failure to cross the $1000 mark leading to a reversal, now struggling at the 100 DEMA to find support. The MKR price action displays a phenomenal bullish recovery of 68% between 21st September and 28th October to reach the $1000 mark. However, the increased supply inflow at the psychological mark led to a bearish reversal within the evening star pattern. Currently, the price action struggles to find support at the 100-Day EMA to avoid further correction. Key Points: A drop below 100 DEMA will propel the Maker market price to the $800 mark. The post MKR Technical Analysis: Under $1000, Maker Price Hinges At 100 DEMA. appeared first on Cryptoknowmics-Crypto News and Media Platform.

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