In the world of cryptocurrencies, some altcoins are showing significant price movements. As of September 27, Maker has ascended by over 10%, Curve DAO surged by 18%, and Injective declined by nearly 4% in the past week.
Crypto enthusiasts and analysts are interested in the varied trajectories of Maker, Curve DAO, and Injective. We'll explore what's driving these price actions and highlight why they're worth considering as investments.
The MKR/USD pair is currently showcasing a compelling bullish stance, as the Maker price stands robustly at $1,474, complemented by an impressive 24-hour trading volume of $120 million.
This surge, which translates to a 4% increase within the last 24 hours, has bolstered Maker's position, now ranking 31st on CoinMarketCap with a commendable live market cap of $1.4 billion.
The circulating supply stands at 977,631 MKR coins out of its maximum supply of 1,005,577 MKR coins. Notably, MKR has breached the symmetrical triangle on the upside, indicating a surge in buying interest.
Further cementing this sentiment is forming the "three white soldiers" pattern above the $1,300 benchmark. The RSI and MACD technical indicators echo this bullish sentiment, firmly planted in the buying zone.
The 50 EMA, steadfast around the $1,298 level, further suggests a strong buying momentum. Going forward, investors should keenly watch the resistance levels at $1,500 and $1,616, while also being wary of potential support at $1,350 and $1,200.
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