Maker

Shiba Inu

Gains

<p>Maker (MKR) and SEI have made notable upward movements, placing them among the top 10 gainers in the market today. MKR price leads the surge with a 7.02% rise over the past day, while <a href="https://captainaltcoin.com/sei-price-faces-critical-resistance-will-bulls-break-through/" target="_blank" rel="noopener noreferrer nofollow">SEI price</a> follows closely, climbing 3.82%. Recent analyses from crypto experts underscore potential breakouts for both tokens, highlighting momentum shifts that may appeal to traders and investors alike.</p>
<h2 class="wp-block-heading" id="maker-mkr-price-shows-strength-with-falling-wedge-breakout">Maker (MKR) Price Shows Strength with Falling Wedge Breakout</h2>
<p>World of Charts on X (formerly Twitter) shared that Maker (MKR) has exhibited a breakout from a major falling wedge pattern, a typically bullish indicator. This technical pattern, formed by two downward-sloping trendlines, suggests a reversal as Maker’s price moves past initial resistance levels. The tweet indicates that MKR is now approaching the top of the wedge, a point that could serve as a key resistance level.</p>
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="581" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-1024x581.png" alt="" class="wp-image-574924" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-1024x581.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-767x435.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-1536x871.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-617x350.png 617w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1167.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/WorldOfCharts1/status/1851548021235794099" target="_blank" rel="noopener noreferrer nofollow">X/WorldOfCharts</a></em></strong>
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<p>The analysis reveals that MKR’s price has gained upward momentum since breaking the upper trendline resistance, hinting at growing buying interest. If this momentum sustains, the next resistance zone lies further up at the top trendline of the wedge.</p>
<p>A successful move beyond this point could fuel a stronger rally. Currently, the chart places initial support near the breakout area, roughly in the $1,300 to $1,400 range, providing a fallback level should the price experience a pullback.</p>
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<h2 class="wp-block-heading" id="sei-chart-analysis">SEI Chart Analysis</h2>
<p>SEI’s price breakout has also sparked interest, with prominent analyst Estimyth confirming that the token recently moved past a long-standing downtrend line.&nbsp;</p>
<p>This breakout, supported by a rise in trading volume, signals a potential shift in trend for SEI. Volume spikes during breakouts often indicate increased buying activity, validating the move’s strength.</p>
<p>Estimyth shared excitement over SEI’s “beautiful confirmation” of the breakout, expressing optimism by purchasing additional tokens. The chart illustrates that SEI’s price has turned previous resistance from the downtrend line into a support zone, potentially serving as a stable foundation for further gains.&nbsp;</p>
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   <p lang="en" dir="ltr">Yesterday <a href="https://twitter.com/search?q=%24SEI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SEI</a> wasn't there yet,<br>Today we have beautiful confirmation of the breakout!<br><br>Bought more right this moment! <a href="https://t.co/ILvswvwv3z" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ILvswvwv3z</a> <a href="https://t.co/rgEZ0CIJZ9" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rgEZ0CIJZ9</a></p>— Myth (@estimyth) <a href="https://twitter.com/estimyth/status/1851552157264150589?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 30, 2024</a>
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<p>Furthermore, the MACD indicator, which shows green histogram bars, aligns with this bullish sentiment, reinforcing the potential for continued upward movement.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-shiba-inu-mirroring-dogecoins-footsteps-analyst-predicts-massive-gains-for-shib-price/" target="_blank" rel="noopener noreferrer nofollow">Is Shiba Inu Mirroring Dogecoin’s Footsteps? Analyst Predicts Massive Gains for SHIB Price</a></em></strong></p>
<h2 class="wp-block-heading" id="resistance-and-support-levels-indicate-next-steps-for-mkr-and-sei">Resistance and Support Levels Indicate Next Steps for MKR and SEI</h2>
<p>For MKR, the focus shifts to its next resistance level at the top of the wedge pattern. If<a href="https://x.com/estimyth/status/1851552157264150589" target="_blank" rel="noopener noreferrer nofollow"> MKR’s price</a> breaks above this level, it could open the path to additional gains. Conversely, the support near the breakout area may provide stability if the price faces a minor retracement.</p>
<p>SEI, meanwhile, has formed a new support base along the previously breached downtrend line. This line now serves as a safety net, providing support for future price action. Should SEI maintain its momentum, previous highs may act as subsequent resistance levels, signaling potential selling points for traders.</p>
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<p>The post <a href="https://captainaltcoin.com/maker-mkr-price-breaks-key-levels-as-sei-price-hints-at-upside-potential/" rel="noopener noreferrer nofollow">Maker (MKR) Price Breaks Key Levels as SEI Price Hints at Upside Potential</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Maker (MKR) Price Breaks Key Levels as SEI Price Hints at Upside Potential

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