Maker (MKR) Faces Heavy Resistance in ‘Make or Break’ Scenario – BeInCrypto

Maker (MKR) Faces Heavy Resistance in ‘Make or Break’ Scenario – BeInCrypto

-MKR is following a long-term descending resistance line.

-The price is facing resistance from the 50 and 200-day MAs.

-MKR looks to be nearing the end of its correction.

The Maker (MKR) price has been decreasing since it reached a local high on June 11. It seems that the correction is not yet finished, and another drop will transpire before MKR resumes its upward movement. The MKR price has been following a descending resistance line that began on April 29, when the price was rejected at ₿0.105. Up to this point, the price has made three unsuccessful

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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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