Maker and iExec RLC prices are consolidating. Nonetheless, MKR may breach $2.7k for a surge back to $3k. Meanwhile, $7.5 is open for RLC once buyers overcome $5.
Maker (MKR)
The DAO manages DAI using the MKR governance token.
Past Performance of MKR
The Maker token is moving horizontally in a bear break-out pattern of mid-September 2021.
As per the MKR technical analysis of the daily chart, sellers are still in control.
However, the short-term trend could snap back to favor MKR crypto buyers if there is a close above $3k.
Day-Ahead and what to Expect
As mentioned earlier, MKR coin sellers have the upper hand.
In a bear breakout pattern, every high below $3k may offer entries for aggressive traders angling for a drop below $2.2k—October 2021 lows.
In that eventuality, MKR/USDT could slide to $1.7k in a bear trend continuation pattern.
Maker Technical Analysis
The MKR/USDT price is in a sideways movement, and sellers appear in control.
Even so, there are hints of trend following the rejection of sellers of October 27.
A complete reversal above $2.7k may draw more buyers into the equation, changing the fortune of Maker token holders.
However, there could be a dump on the cards for MKR coin if there are losses below $2.2k.
Should this pan out, Maker token prices can tank to $1.7k in a bear trend resumption pattern.
The platform allows for decentralized computing using the RLC token.
Past Performance of RLC
As per the RLC technical analysis of the daily chart, RLC crypto buyers are in charge. Although there has been a contraction, RLC/USDT prices are within a wedge, a bull flag.
Day-Ahead and what to Expect
Overall, RLC token buyers are in the driving seat, rewinding sellers’ attempts of the last days of October.
The rewinding of October 27 losses and the expanding trading volumes, for instance, may see RLC token prices race past $5 and October 2021 highs to $7.5 in the weeks after.
In that case, RLC prices may rally to September highs of around $6.
iExec RLC Technical Analysis
The path of least resistance is northwards.
Although the expansion is slow, the rebound of RLC/USDT crypto prices from the 78.6 percent Fibonacci retracement level of the recent swing high and low has been positive. Presently, prices are within a bull flag.
A close above $5 may be the building blocks for a surge towards $6 in a buy trend continuation.
Meanwhile, a drop below $3.5 may see RLC prices contract to $3.
