On December 16, Maker reached a 6-month low at $530.
With a 1.27% intraday gain, MKR price is looking positive since last night.
The trading volume fell by 60% in the last 24 hours, registering $31.8 million.
Crypto markets are suffering from a correction phase after the recent recovery. Thus many altcoins, even bitcoin and ethereum, struggle with selling pressure. Maker Token is one of them, which declined below its yearly low. Recently buyers spotted a latest yearly low at $530 before a slight recovery.
4 Hour Chart of Maker Token
Source: MKR/USDT by Tradingview
During downtrend, investors have lost many pivotal hedge zones. Early in December, bears aggressively brokedown crypto price below $620 mark, was key support level. Later on it registered a 52 week low at $530 on 16 December. This recent low may act as immediate support for bulls.
Buyers are taking interest in Market crypto, thus along with 1.27% intraday gain, MKR price seems positive since last night while price trades a
We współpracy z: https://www.thecoinrepublic.com/2022/12/18/maker-trades-at-lower-levels-will-it-reverse-bearish-trend-next-week/
