Maker Price Prediction – If you are invested you should get out soon!

Maker is the token of the MakerDao protocol, which is a decentralized application on the Ethereum blockchain. Of course you can also invest in these tokens. They want to do this at the best prices. But how could the course develop in the near future? Today we are going to analyze the Maker course for you to assess whether it is worth investing in, when to get out, or when to get in.

Maker in the Descending Triangle! rise then fall?

The Maker price is currently in a descending triangle. This triangle is not yet in the final phase, which is why we expect a short-term rise. In our view, the end phase begins as soon as the price reaches the last third of the triangle. With resistance located around $2,777, we anticipate the price to rally to this resistance. After that, the price could fall again. The target is around $1,814. That is where the descending triangle support is located. Since the triangle was performed after a descent, it is also more likely to break down since triangles are continuation formations.

How far will the price go down?

The target of the descending triangle is around $852. However, since Maker price has support around $1,075, we expect price to find short-term support there first before reaching $852. After that, the price could drop to $852 to test the horizontal support and work off the triangle target.

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