Maker (MKR): Does it Score Well on Long-Term Trading Metrics Friday?

Friday, August 12, 2022 06:27 AM | InvestorsObserver Analysts

Maker receives an average long-term technical score of 58 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, MKR holds a superior long-term technical analysis score than 58% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Maker a 58 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Maker!

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Trading Analysis

Maker's price is -$14.4400000 (-1.32%) below its 100-day moving average price of $1,090.990000000 as its price at the moment sits at $1,076.550000000. Additionally, MKR is $413.5500000 (160.72%) higher than its 52-week low price of $663.000000000 while -$2,929.62000000 (26.62%) under its 52-week high of $4,006.170000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives MKR an average long-term technical score of 58. Long-term trading movement of Maker suggest that investors are neutral on the token at the moment. Maker currently has a total market cap of $1,052,469,483.14 to go along with its average daily volume of $4,991,125,485.08 worth of the currency over the past seven days. MKR's volume is below its seven day average as of the past 24 hours, with 767,921,652.65 exchanged in that period. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for Maker leads to the token's an average long-term technical score of 58 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Maker (MKR).