- 1
MakerDAO plans to enable MKR as collateral for the DAI stablecoin - 2
Maker (MKR) token price surged 13% and formed a bullish continuation pattern - 3
MKR crypto price breakout of the 200 day EMA and prepares for the golden EMA crossover
Maker (MKR) crypto prices shot up more than 13%, due to a news circulating in the market that MakerDAO might allow its users to borrow DAI stablecoin against its MKR governance token.
Analyst raises concern because allowing users to borrow DAI stablecoin against MKR ។ could be considered similar to the mechanism behind Terra’s (LUNA) ill-fated UST stablecoin which collapsed in May 2022 and wiped out almost half a trillion USD from the crypto currency market. However, it will be interesting to see how the MakerDAO team will manage the DAI stablecoin in future.
ប្រភព - https://twitter.com/ImperiumPaper/status/1628894110634463232
បច្ចុប្បន្ន, HNT / USDT កំពុងជួញដូរនៅ $914 ជាមួយនឹងការកើនឡើងក្នុងមួយថ្ងៃ 15.55% និងបរិមាណ 24 ម៉ោងចំពោះសមាមាត្រតម្លៃទីផ្សារនៅ 0.1317
MKR token price preparing for $1000?
Maker (MKR) token price had shown a wild up move of 13% and formed a giant bullish candle indicating that the prices are in the initial phase of rally and investors are expecting more upward momentum in the coming months. Recently, a news circulated in the market that MakerDAO is planning to enable MKR as collateral for the DAI stablecoin which raises concers in the crypto community because investors still remembered what happened with Terra (LUNA) when they used this mechanism.
On the other hand, Maker (MKR) prices reacted positively to the news and broke out of the narrow range consolidation which has triggered the short covering and prices seem to be picking up the momentum to reach $1000. Meanwhile, the MKR token bulls have managed to push the price above the 50 and 200 day EMA indicates that the positional trend is in the direction of bulls and any short term correction from the higher levels will be easily absorbed by the responsive buyers.
The technical indicators of the MKR token like MACD had generated a positive crossover indicating the bullishness to continue for some more time whereas the RSI at 70 denotes that the prices are near to the oversold zone which might create trouble for the short term bullish traders.However, if the market sentiment turned negative and prices face rejection from the higher levels then $700.00 will be act as an important support levels for the bulls.
សេចក្តីសង្ខេប
Maker (MKR) crypto price had shown a surprising up move of 13% on intraday basis when the market came to know that MakerDAO may enable MKR as collateral for DAI stablecoin but crypto analysts believe that this decision may not work out in the long run. However, the technical analysis shows that prices are into bulls grip and any short term correction might see aggressive buying from the support levels.
កំរិតបច្ចេកទេស
កម្រិត Resistance៖ $1000.00 និង $1100.00
កម្រិតគាំទ្រ៖ 700.00 ដុល្លារ និង 600.00 ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/03/01/mkr-price-surged-makerdao-may-enable-mkr-as-collateral-for-dai/