Maker price analysis: Bulls gear up to push MKR above $2500

TL;DR Breakdown Maker price analysis is bullish today.Strong support is present at $2180.Strong resistance is present at $2830. The Maker price analysis is going strongly bullish today. Some traces of bearish resistance have also been observed, but bulls seem successful in dodging them again and continuing their lead. The bullish momentum is of a considerable magnitude as the price has risen to $2529, from the level of $2250 since the start of the session today. Though the last few days have been critical as the price suffered significantly due to a continuous bearish streak, and the price function remained downwards during the last week. MKR/USD pair gained a value of more than three percent during the last 24 hours; however, MKR is at a loss of 17 percent if we observe the coin’s value over the last seven days. MKR/USD 1-day price chart: Bulls march aggressively as volatility decreases The 1-day price chart for Maker price analysis shows MKR/USD price has recovered well today. MKR has almost reclaimed the losses of the last three days as bulls continue their parade towards higher resistance. MKR/USD 1-day price chart. Source: Tradingview The volatility is decreasing for MKR/USD pair as the Bollinger bands are narrowing down, which seems like a good omen for the cryptocurrency. The upper band is present at the $3238 mark, and the lower band is present at the $2211 mark, making an average at the $2725 mark. The latest s...