The price of Maker (MKR) has experienced a slight decrease in the last 24 hours and a significant decrease of 8.52% in the past week. However, technical analysis shows that the token has the potential to rise and reach targets of $2,500, $4,000, and $6,500. The token has been following an upward trendline since reaching a low of $485.19 and recently bounced from the 0.236 Fibonacci retracement level at $894.19. The next important level is the 0.382 Fibonacci retracement at $1,305.25, which could act as support or resistance. If the token clears the 0.786 Fibonacci level at $3,717.33, it could experience bullish momentum and reach higher targets. 47% of Maker holders are currently in profit, while 52% are in loss, creating a mixed dynamic. The concentration of tokens suggests that whale activity can influence market moves. Strong institutional or high net worth interest is revealed through significant transactions greater than $100,000. Tokens are also leaving exchanges, indicating long-term holder behavior. Maker's correlation with Bitcoin is moderately negative, indicating some independence from Bitcoin's price changes. The data also shows that the majority of MKR investors are long-term holders, which indicates confidence in the token's future potential.



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