Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
NullTx 2025-02-18 16:32:24

MAKER PRICE ANALYSIS & PREDICTION (February 18) – MKR Retraces Higher But May Resume Bearish if This Minor Resistance Holds

MAKER PRICE ANALYSIS & PREDICTION (February 18) – MKR Retraces Higher But May Resume Bearish if This Minor Resistance Holds

During the current meltdown, MKR advanced retracement and continued showing strength. It appeared very strong today but is now facing resistance. A rejection there could trigger a fresh selling phase. The general market outlook remains bearish in the mid-term, but MKR is currently under a retracement as it posted a substantial gain in the past hours. This retracement came after testing $778 in the early month crash. It is looking for a key retest level to initiate another drop. As we can see, the price is currently facing resistance. A notable surge above the current trading level could bring the price above the $1,200 level. Failure to push higher could end the retracement phase. Such a setup could trigger a fresh drop for another lower-low movement. A stronghold above the monthly low could bring back buying pressure. While this week’s surge is characterized by a strong bullish candle, we can expect a major recovery before resuming a bearish impulsive move. As the demand for MKR increases, we can expect more surges until the price reaches an exhaustion point. While the bears are taking a break, it leads the top gainers chart today with an 11% surge in the last 24 hours. Maker’s Key Levels To Watch Source: Tradingview Pushing above the current trading level, the close resistance for a test is $1,275. The higher level to watch for a retracement is $1,477, followed by the $1,636 level. A continuous push could lead to a trend reversal. The latest surge is currently supported by $980. If the bears show up again with a drop below this price level, the market may roll back to $875 and $778. A dip below it will confirm the expansion of the bearish move. Key Resistance Levels: $1,275, $1,477, $1,636 Key Support Levels: $980, $875, $778 Spot Price: $1,120 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: leungchopan/ 123RF // Image Effects by Colorcinch

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
515
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.