- Bullish MKR price prediction for 2024 is $1538 to $2270.
- Maker (MKR) price might reach $3000 soon.
- Bearish MKR price prediction for 2024 is $666.
In this Maker (MKR) price prediction 2024, 2025-2030, we will analyze the price patterns of MKR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
MAKER (MKR) PRICE PREDICTION 2024 |
|
| MAKER (MKR) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Maker (MKR) Current Market Status
| Current Price | $1,169.09 | 24 – Hour Price Change | 1.22% Down |
| 24 – Hour Trading Volume | $95.33M |
| Market Cap | $1.02B |
| Circulating Supply | 870.47K MKR | All – Time High | $6,339.02 (On May 04, 2021) |
| All – Time Low | $21.06 (On Jan 30, 2017) |
(Source: CoinMarketCap)
What is Maker (MKR)
| TICKER | MKR |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 Token |
| LAUNCHED ON | December 2017 |
| UTILITIES | Governance, security, gas fees & rewards |
Maker (MKR) is the governance token of the Maker protocol built on the Ethereum blockchain. MKR was created by makerDAO, conceived in 2015 and fully launched in December 2017. Maker protocol and MakerDAO manage and provide the smart contracts ecosystem for one of the largest stablecoins, DAI.
Maker ecosystem, thus, comprises two tokens, Maker (MKR) and a decentralized stablecoin, DAI. Maker Protocol is an open-source project that is recognized as one of the largest dApps existing on the Ethereum blockchain.
Maker 24H Technicals
Maker (MKR) Price Prediction 2024
Maker (MKR) ranks 64th on CoinMarketCap in terms of its market capitalization. The overview of the Maker price prediction for 2024 is explained below with a daily time frame.
In the above chart, Maker (MKR) laid out a descending channel pattern. A descending channel, also known as a falling channel, is a bearish technical analysis pattern formed by two parallel downward-sloping trendlines. The upper trendline connects a series of high points, indicating resistance where the price struggles to rise above, while the lower trendline connects the lower points, acting as support.
This pattern suggests that sellers are in control, with the price consistently making lower highs and lower lows. Traders often look to sell near the upper trendline and buy near the lower trendline, as the price typically oscillates within this defined range. Overall, the descending channel helps traders identify potential shorting opportunities and assess market sentiment.
At the time of analysis, the price of Maker (MKR) was recorded at $1,162.8. If the pattern trend continues, then the price of MKR might reach the resistance levels of $1,349.2, $1,739.5, and $2,162.1. If the trend reverses, then the price of MKR may fall to the support of $1,010.9.
Maker (MKR) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Maker (MKR) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of Maker (MKR) for 2024.
| Resistance Level 1 | $1538 |
| Resistance Level 2 | $2270 |
| Support Level 1 | $1007 |
| Support Level 2 | $666 |
Maker (MKR) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Maker (MKR) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Maker (MKR) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1369 Price = $1172 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 41 <30 = Oversold 50-70 = Neutral >70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Maker (MKR) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Maker (MKR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Maker (MKR).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 34 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 36.76 <50 = Low | Low Volatility |
Comparison of MKR with BTC, ETH
Let us now compare the price movements of Maker (MKR) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of MKR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MKR also increases or decreases respectively.
Maker (MKR) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Maker (MKR) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Maker (MKR) Price Prediction 2025 | $3010 | $650 |
| Maker (MKR) Price Prediction 2026 | $3040 | $640 |
| Maker (MKR) Price Prediction 2027 | $3070 | $630 |
| Maker (MKR) Price Prediction 2028 | $4000 | $620 |
| Maker (MKR) Price Prediction 2029 | $4030 | $610 |
| Maker (MKR) Price Prediction 2030 | $4070 | $600 |
Conclusion
If Maker (MKR) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Maker (MKR) price prediction for 2024 is $2270. Comparatively, the bearish Maker (MKR) price prediction for 2024 is $666.
If there is a positive elevation in the market momentum and investors’ sentiment, then Maker (MKR) might hit $3000. Furthermore, with future upgrades and advancements in the Maker ecosystem, MKR might surpass its current all-time high (ATH) of $6,339.02 and mark its new ATH.
FAQ
1. What is Maker (MKR)?
Maker (MKR) is the governance token of the Maker protocol built on the Ethereum blockchain.
2. Where can you buy Maker (MKR)?
Maker (MKR) has been listed on many crypto exchanges which include Binance, Deepcoin, OKX, Bitrue, and Bybit.
3. Will Maker (MKR) record a new ATH soon?
With the ongoing developments and upgrades within the Maker platform, Maker (MKR) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Maker (MKR)?
Maker (MKR) hit its current all-time high (ATH) of $6,339.02 on May 04, 2021.
5. What is the lowest price of Maker (MKR)?
According to CoinMarketCap, MKR hit its all-time low (ATL) of $21.06 on Jan 30, 2017.
6. Will Maker (MKR) hit $3000?
If Maker (MKR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3000 soon.
7. What will be the Maker (MKR) price by 2025?
Maker (MKR) price might reach $3010 by 2025.
8. What will be the Maker (MKR) price by 2026?
Maker (MKR) price might reach $3040 by 2026.
9. What will be the Maker (MKR) price by 2027?
Maker (MKR) price might reach $3070 by 2027.
10. What will be the Maker (MKR) price by 2028?
Maker (MKR) price might reach $4000 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/maker-mkr-price-prediction/