Maker (MKR) Up 3.92% Tuesday: What's Next?

Tuesday, August 23, 2022 10:13 AM | InvestorsObserver Analysts

Maker (MKR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Decentralized Finance has gained 3.92% to $850.31.

InvestorsObserver is giving Maker a 33 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 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge analyzes 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 trading above resistance. With support around $794.35 and resistance set at $848.37. This leaves Maker out of range and potentially in a volatile position if the rally burns out.