Maker: Everything You Need to Know About MKR Moves in November

Maker: Everything You Need to Know About MKR Moves in November

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  • The Maker exchange reserve and supply ratio has reached a⁤ yearly ​high.
  • MKR has risen by 30.8% over⁤ the past ⁤week.

Since‌ the US presidential ⁢election, ⁤the cryptocurrency⁣ market has witnessed⁣ a significant rally, with Bitcoin [BTC] ⁣reaching a new⁣ all-time​ high of $89,000. ⁢This bullish trend⁢ has propelled most altcoins and memecoins to also hit​ new highs.

Nonetheless,‍ some cryptocurrencies have experienced only ​slight recoveries despite an overarching bearish sentiment still present in ⁣the market. One notable altcoin​ is Maker [MKR], which ⁣shows signs of modest recovery.

As of now, Maker‌ is trading at $1,490—a daily increase of 1.90%. Additionally, MKR has shown gains of ‌30.8% ⁤on ​weekly charts and 11.38% ⁢on monthly charts.

Despite ⁣these ⁤increasing values, MKR remains approximately 76.56% below its all-time‌ peak from four years ago. Consequently, it significantly‌ underperforms compared to its ⁢previous ‍best while⁢ many investors continue to hold bearish views—evidenced by rising exchange reserves alongside the⁢ exchange supply ratio.

MKR’s Exchange Reserve Reaches ⁣Yearly High

Analysis conducted by AskFX using Cryptoquant data indicates ‍that Maker’s exchange reserve has peaked ​at⁢ a yearly high as of this ‌report.

Source: Cryptoquant.

This week⁣ saw altcoin reserves held on exchanges surge ​sharply after experiencing minor declines towards the ‍close ‍of October.

An uptick in exchange reserves typically signals growing investor wariness—a red flag for⁤ future price movements as holders prepare to exit ​positions early to limit potential losses.


Source: Cryptoquant (


). The FX reserve ‌ratio simultaneously saw growth indicating an uptick in remittances into exchanges;‌ this ‍too achieved yet another yearly peak.

With both metrics⁣ hitting annual​ highs‌ signifying increased ⁣pessimism among investors who are bracing for anticipated price ​drops.

What We⁢ Can Infer from MKR Charts

A rise in ⁢both FX reserve and supply ratios typically denotes investor‍ negativity; although⁢ prices have⁢ sustained incremental increases throughout recent⁣ weeks!

The surge in ADX along with declines seen within RVGI further ⁤corroborate this scenario.

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Currently , ADX ascended from low levels ⁤around thirty-one up⁤ until thirty-five⁣ across weekly ‍charts implying that upward momentum appears to be ‌losing power ⁢whilst downwards pressures grow stronger⁤ . A bearish crossover noted in examination ⁢of Relative Vigor Index (RVGI) ⁤mimics similar trends observed ; crossing beyond designated signal⁤ lines denotes ​waning intensity leading upside momentum ⁢alterations .

This⁢ serves essentially as actionable ⁢sell directives prompting sellers themselves established control through ‌strategy involving shorts when applicable where deemed necessary .


Read Makers Price ⁣Prediction [MKR] For The ⁣Period Of :2024 –2025.


The ‌direction portrayed via indicators⁣ suggests imminent⁢ reversal trends overall including‍ scope suggesting MKR priced ⁢dropping​ further ​prior exhibiting considerable strength developing ‌enough reclaim markets backing ‍potential upticks ahead restoring confidence once again moving forth ! ‍

If prevailing bearish sentiment⁣ persists unmitigated thus ⁤indicating solid resistance poised around recognizable‌ threshold estimated nearby range ​closely aligned near1300$ ‍Support levels respectively intact ‍serving as barrier upholding {{~​continued traceable attempts ⁢just shy ⁤nearing breakpoints claiming1600$ challenges! }} P >

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