Maker and The Graph prices are steady, in tight ranges. While MKR/USDT may find strength for $6k, GRT/USDT could also race to $1.3.

Maker (MKR)

The Maker platform is among one of the oldest in DeFi, managing the DAI stablecoin. MKR is for governance and as the lender of the last resort.

Past Performance of MKR

MKR prices remain tepid, trading within a tight $500 zone with caps at $2.8k to the upside and the middle BB on the lower end.

Technically, the absence of convincing higher highs despite a close above the multi-week middle BB liquidation line could pour cold water on the uptrend.

As of writing, MKR is stable, adding three percent on the last trading day.

Day-Ahead and what to Expect

As long as MKR/USDT remains in range, waving in and about the middle BB, sellers will be in control.

A conclusive high volume close above last week’s highs and $3k will cement bulls, paving the way for higher highs towards H1 2021 peaks.

MKR/USDT Technical Analysis

There is a tinge of strength from the daily chart without a comprehensive confirmation and therefore explaining the lack of conviction.

Even so, MKR bulls may begin loading the dips in anticipation of a close above the 61.8 percent Fibonacci retracement level of the H1 2021 trade range.

This will confirm bulls of late June, a foundation for a rally towards $6k.

Unexpected contraction below the middle BB could deflate bulls, highlighting exhaustion, and a possible dump back to $1.7k

The Graph (GRT)

The Graph is helpful for data scientists. It allows the indexing of data from several public chains. GRT is native to the platform.

Past Performance of GRT

Not surprising, GRT buyers are in charge, printing higher as from price action in the daily chart.

Although there hasn’t been a close above, there has a confirmation of bulls of late June and early July 2021.

In a breakout pattern, GRT prices could race to $1.36 in sync with gains of Q1 2021. As of writing, GRT is relatively stable against the USD after July 11 gains.

Day-Ahead and what to Expect

GRT/USDT prices are in range, breaking above the middle BB, inside a $0.20 zone with immediate resistance at last week’s highs at around $0.85.

For bulls to be fully in control, prices must break from the current consolidation.

GRT/USDT Technical Analysis

The path of the least resistance after losses of May and June is northwards.

Aforementioned, a close above $0.85 could see GRT/USDT break from the current accumulation targeting $1.30.

Conversely, dips below the middle BB invalidate the uptrend.