- Maker trades just below $345 with a target set of around $350
- Strong support at $335 is there to hold the value from a free fall
Maker has been trading with moderate price fluctuations for the whole of April till now. Though it has fluctuated significantly a few times, it has never stayed long below $300. Over the last 24 hours, the MKR price has been uplifted by more than 3%, and it is now approaching a $345 price mark.
Maker Price Analysis
Maker’s price against the US Dollar has been on a gaining spree since April 14. It has been pushing hard from $280, and now it has comfortably crossed $340 mark.
MKR price spotted at $333.90 at the starting of yesterday, and by 04:17 UTC, it lost 2.30% value and got confined at $326.22. After this moderate slump, the currency traded with a sharp upward move and registered a 6.75% hike that added $22.01 more in the value and pushed the Maker price to $348.23 by 13:48 UTC. However, the coin couldn’t manage to stay there for long and pulled the price down to $335.38 by 19:44 UTC. The last few hours of the day saw increment. By 01:16 UTC today, the price spotted at $349.11.
Maker’s market cap now roams around 350 million USD, and it has made a gain of whopping 50 million USD over the last two weeks. The coin is likely to continue the current uptrend for the near-term, and as per the current momentum and Maker coin price prediction, breaching $350 doesn’t seem quite a task for the MKR. However, on the downside, it holds strong support around $335.