Maker (MKR), Moderate Volatility and Falling Monday: Is it Time to Cash Out?

Monday, August 29, 2022 07:46 AM | InvestorsObserver Analysts

Maker (MKR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Decentralized Finance has dropped 1.39% to $756.04.

InvestorsObserver is giving Maker a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Maker!

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Moderately Volatile

InvestorsObserver gives Maker a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MKR's moderate volatility reading comes 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 favorably positioned going forward. With support at $728.85 and resistance set at $770.34. This positions Maker with room to run before facing selling pressures.