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Maker (MKR) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Wednesday: What's Next?

Wednesday, August 31, 2022 08:10 AM | InvestorsObserver Analysts
Maker (MKR) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Wednesday: What's Next?

Maker (MKR) gets a bearish rating from InvestorsObserver Wednesday. The token is down 2.27% to $802.05 while the broader crypto market is down 0.11%.

Sentiment Score - ,
Maker has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Maker!

Bearish

Over the last five days, Maker has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Maker over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Maker is currently trading near its midpoint for the past five-days. The token is 8.43% off its five-day high and is 9.01% higher than its five-day low of $735.73.

Maker price is favorably positioned between support and resistance. With support set around $780.92 and resistance at $844.28, has some room to run before facing resistance.

Maker has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Maker

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