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Maker (MKR) Rises 6.5% Monday: What's Next for This Bullish Rated Crypto?

Monday, January 03, 2022 07:06 AM | InvestorsObserver Analysts
Maker (MKR) Rises 6.5% Monday: What's Next for This Bullish Rated Crypto?

Maker (MKR) gets a bullish rating from InvestorsObserver Monday. The crypto is up 6.5% to $2526.36 while the broader crypto market is up 1.31%.

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

Bullish

Over the last five days, Maker has earned a Bullish 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 crypto is 6.72% off its five-day high and is 9.92% higher than its five-day low of $2298.27.

Maker price is currently above resistance. With support set around $2304.67 and resistance at $2472.56, Maker is potentially in a volatile position if the rally burns out.

Maker has traded on high volume recently. This means that today's volume is above its average volume during 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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