Will Maker break out soon? Here’s why the price prediction points to sideways trading

Will Maker break out soon? Here’s why the price prediction points to sideways trading
Maker Slips 0.02% Today at $1,813.70

Maker (MKR) is trading at $1,813.70, sitting above the MA-20 ($1,693.17), MA-50 ($1,790.06), and MA-200 ($1,677.40). This positioning confirms a bullish structure across short, medium, and long-term trends, with the nearest support marked by the Ichimoku Kijun at $1,689.50 and resistance now shifting to the MA-50 or a round level near $1,830.

Highlights

  • Maker (MKR) trades at $1,813.70 above the MA-20 ($1,693.17), MA-50 ($1,790.06), and MA-200 ($1,677.40), confirming bullish short, medium, and long-term trends.
  • On September 15 and 16, 2025, MKR rose 3.7% over 24 hours amid broader crypto market weakness, with bullish candlestick patterns and positive sentiment forecasts for late 2025.
  • Short-term oscillators show overbought and exhaustion signals while the price nears today’s upper range, suggesting a likely sideways or downside move between $1,690 and $1,830 over the next 5 trading days.

MKR outperforms peers as renewed optimism drives 24-hour rally

On September 15 and 16, 2025, MKR experienced a notable 3.7% price recovery over 24 hours, contrasting with a general downturn in the crypto market. This movement aligned with signals from bullish candlestick patterns, which pointed to renewed buying momentum. Forecasts for the period highlighted continued optimism for MKR through late 2025 as sentiment remained positive.

Overbought signals emerge amid conflicting momentum in neutral trend

Momentum readings show a positive MACD on both daily and weekly timeframes, reinforcing underlying bullish sentiment, but the ADX at 7.37 remains subdued and neutral, signaling a lack of strong trend. Daily RSI at 66.41 suggests buyers have the upper hand, but the Stochastic RSI in overbought territory and CCI near 88 hint at potential exhaustion. BBP is neutral, pointing to balanced intraday momentum. Awesome Oscillator is neutral on the daily chart, while the current price is nearly unchanged from the previous close, slipping just 0.02% with no opening gap noted. Price action is near the upper end of today’s range amid moderate volatility, reflecting mild strength with some consolidation after the open. There are conflicting signals from oscillators, with short-term overbought readings diverging from mostly bullish momentum — suggesting possible near-term pullback risks despite underlying strength.

Downside risk rises as consolidation expected within narrow corridor

For the next 5 trading days, the expected range is $1,524.80 to $1,534.30. The probability of further upside is very low (less than 20%), making a decline more likely. In the baseline scenario, MKR trades sideways within the support-resistance band, consolidating in a corridor above $1,690 and below resistance at $1,830. A bullish scenario would see prices breaking above resistance toward higher targets, supported by continued momentum if buyers return. The bearish case materializes if the price drops below the Ichimoku and MA-20 support, exposing the $1,677 – $1,690 area to potential downside pressure.
Anton Kharitonov, expert at Traders Union, sees Maker’s current technical structure as bullish, with price action above key moving averages and a recent outperformance versus the broader crypto sector. However, he remains cautious given overbought oscillator readings and subdued trend strength, suggesting that a pullback or sideways movement is more probable than further upside in the immediate term. Kharitonov stresses the risk of downside should support levels fail to hold. "Base case remains consolidation within $1,690–$1,830, and I stay defensive unless buyers reclaim control with stronger momentum."
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The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.