Maker Price Set to Surge 90% After Triangle Breakout

Maker Price Set to Surge 90% After Breakout from Triangle Pattern

Maker price has experienced a notable surge in the last 24 hours, as it climbs above $1,930. Following a bullish trend, market analysts are now eyeing a potential rise toward the $2,000 mark. Over the past day, Altcoin price has risen by 6%, indicating strong investor confidence. 

This rally is after a breakout of a triangular chart, which is usually seen to indicate continuation of the upward movement. Meanwhile, the large crypto market too has experienced minor within a bull market, with Bitcoin now trading at above $114,000, and Ethereum hovering at over $3,700. Analysts point out that the bullish sentiment may continue in coming days.

Maker Price Set for Potential 90% Surge

Crypto analyst Ali has recently pointed out that the Altcoin price might be on the verge of experiencing a substantial price move. According to his analysis, the cryptocurrency is forming a symmetrical triangle pattern on its price chart. 

This trend indicates the possibility of a breakout that may result in shooting the MKR price up by around 90% given that it manages to break out of the triangle pattern in the right direction.

The chart shared by Ali on X shows the price fluctuations of MKR, revealing a long-standing consolidation period. This consolidation appears to be nearing its end, with the cryptocurrency forming converging trendlines. 

MKR Price Eyes $2000 After a Bullish Breakout

The latest Maker price is trading at $1,937.69, showing a surge of +6% as of August 7, 2025. The price action is encountering significant resistance around the $2,000 mark, with potential upside targets positioned at $2,200 and $2,500. 

The recent trading patterns are realizing a significant period of consolidation in the range of $1,800 to $2,000. Relative strength index (RSI) currently stands at 45.48, which is neither an overbought nor oversold condition.

The Moving Average Convergence Divergence ( MACD ) is providing mixed or conflicting indications and there is a declining momentum as seen in the histogram. This is also confirmed by the fact that the MACD line is still below the signal lin, indicating that this subsequent bullish strength could be weakening.

Source: Tradingview

The key level is the $2,000; a move past this price might spur a closer move to the $2,200 mark. But should the Maker lose its positive momentum, however, it can drift back into the bear zone around the $1,800 support level. If Maker’s price fails to hold above $2k, the next support may be a retest around $1,800 or lower, depending on how strong the bearish signs become.