Maker (MKR) Falls 0.05%, Underperforms the Crypto Market Thursday

Thursday, October 13, 2022 08:05 AM | InvestorsObserver Analysts

Maker (MKR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Decentralized Finance has dropped 4.98% to $900.9.

InvestorsObserver is giving Maker a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Maker!

See Full Report

Moderately Volatile

InvestorsObserver gives Maker a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. MKR's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Maker price is in a favorable position going forward. With support near $854.97 and resistance at $920.78. This positions Maker with room to run before facing selling pressures.