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Maker (MKR) Up 0.69% Saturday: What's Next?

Saturday, July 30, 2022 04:44 PM | InvestorsObserver Analysts
Maker (MKR) Up 0.69% Saturday: What's Next?

Maker (MKR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Decentralized Finance has gained 0.69% to $1130.21.

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

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 takes into account which means that one day won't define its volatility rank - a trend will. 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 around $1065.65 and resistance around $1175. This leaves Maker with room to run before facing selling pressures.

What is a Token?

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

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