This week Maker Price appeared in a sideways trend.
Buyers are driving MKR price above the 20 simple moving average.
Maker Token has once again declined below the monthly support. On December 7, a three-month low of $600 disappointed buyers. Later, speculators are struggling with an internal candlestick pattern suggesting a consolidation phase for the coming week.
Buyers are struggling this week due to the red candles that have been issued over the past three days. However, buyers kept the maker above the previous swing low. Last night, traders saw inverted hammer candles on the daily chart. This bullish signal could lead the price recovery towards the $700 level in the immediate vicinity.
Hourly Chart Suggests Struggle
Source: MKR/USDT by Tradingview
Hourly chart shows selling on rise because each swing higher stood below the previous high. Conversely, buyers attempt to manage higher-lows after reversing from the monthly low. Meanwhile, the MKR token against the USDT pair is trad
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