Maker governance introduces gasless voting for on-chain polls
MKR token is trading near yearly lows
Bulls struggling to defend $600 psychological support
Currently, Maker price is trading at around $618 with an intraday loss of 0.48%. The volume to market cap ratio is at 0.0291. Recently, Maker governance introduced gasless voting for on chain polls and now a significant amount of votes are deployed on arbitrum through this new feature.
Will Maker be able to defend Yearly low ?
Source : MKR/USD by Tradingview
On a larger time frame, Maker price has been slowly and steadily declining, facing strong resistance at $1153. Earlier, in September 2022, the token created a fresh yearly low at $581 and prices strongly bounced back almost recovering 94% on upside and again faced hurdle at $1153 which indicates strong sellers are active on higher levels.
Currently, Maker has lost all the previous gains and is trading near $618 which may soon approach the support zone of $480 to $581. The 200 e
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