Saturday, July 30, 2022 04:44 PM | 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 0.69% to $1130.21.
InvestorsObserver is giving Maker a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Maker!
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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter