SEC Chairman Gary Genslerrose to $26,850 before speaking before the House Financial Services Committee yesterday. Bitcoinfalling to $26,100 during the speech.
Trying to maintain the $26,000 level BTCWhile , consolidated in a narrow range, some altcoins It is making a name for itself with the rise it has experienced in recent weeks.
One of these altcoins is undoubtedly the one that has risen by 46% in the last four weeks. Maker (MKR) happened.
At this point, MKR, which has increased by 46% in the last four weeks, increased by 12.21% in the last 7 days and 6.2% in the last 24 hours.
Evaluating that this increase in price and demand in MKR may continue, analysts think that this increase in MKR demand will help cope with the $ 1,500 resistance and continue the rise up to $ 2,000.
Evaluating this increase in MKR, centimeternoting that the price has increased by over 40% in the last 16 days and active addresses have reached a 10-week high, with the price exceeding $1,500.
At this point, the steady increase in the number of active addresses points to speculation that the upward trend will continue, while Santiment warned that the increasing inflow to the exchanges in MKR may indicate a temporary local peak and create selling pressure.
“Maker’s price is up +40% over the last 16 days and active addresses have reached a 10-week high as the asset surpasses $1,500.
“The increase in MKR entering the exchanges is something to be wary of for a temporary local top.”
📈 #Maker‘s price has now surged +40% in the past 16 days with its active addresses hitting a 10-week high in tandem with the asset crossing $1,500. An inflow of $MKR Moving to exchanges is something to be cautious of for at least a temporary local top. https://t.co/oFeijYNZCO pic.twitter.com/rStBGX6TdM
— Santiment (@santimentfeed) September 28, 2023
According to data from Coinglass, the number of MKR held in wallets controlled by central exchanges increased by 5% in the last 24 hours to MRK 71,190 ($106 million), and the total foreign exchange balance reached the highest level since September 3.
According to these data, significant increases in foreign exchange balances can increase price volatility, usually downwards. An increase in the so-called foreign exchange balance is interpreted as indicating the tendency of investors to sell or liquidate their assets.
MKR At the time of writing, it continues to be traded at $ 1,506.
*This is not investment advice.
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