Maker (MKR) Rises 0.46%, Underperforms the Crypto Market Saturday

Saturday, August 13, 2022 06:28 AM | InvestorsObserver Analysts

Maker (MKR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Decentralized Finance has gained 0.46% to $1081.3.

InvestorsObserver is giving Maker a 37 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 37, placing it in the bottom 37% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. MKR's moderate volatility reading pairs 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 at $1062.19 and resistance near $1090.93. This leaves Maker with room to run before facing selling pressures.