Over the last week, Maker reflected declining trend with immense volatility. It has witnessed an inverted V-shaped price movement over the last 24 hours. Yesterday, in the first hour, MKR price spotted around $650.41, and with multiple price fluctuations, it reached above $665, but around 03:00 UTC, it retested $650 price mark and kept the downtrend intact.
After hitting $648, Maker managed to start trading upwards at a tremendous pace. The bullish momentum continued further and helped it to touch $676. And at this price point, the currency formed a double top, but later, it registered a sharp fall and corrected below $670.
Later, MKR/USD marked massive escalation, and the price touched $697, the highest point of the day. From there, the Maker token faced steep fall, and just before 19:00 UTC, it fell to $672. Later, the token continued to trade with moderate volatility, but towards the end of the day, it faced strong bearish hold.
Today, Maker continued to trade under the bearish influence as it marked continual downward correction. Around 03:00 UTC, MKR price fell to $648.57.
Maker, at the time of writing the analysis, was being traded at 651.62 USD, and its MACD shows a bullish crossover. However, as per the current momentum and Maker price prediction, it might continue its price movement around $660 in the impending hours.
