Cryptocurrencies Price Prediction: Maker, Dogwifhat & Crypto – European Wrap 16 July

Maker rallies toward $4,000 target even as whales take profits in MKR

Maker (MKR) extended gains by nearly 33% in the past seven days, as seen on Binance. On-chain data shows that even as Maker holders take profits on their MKR holdings, the governance token sustains above key support. 

MKR could extend gains, erase losses from the past two months, and make a comeback to the year-to-date peak of $4,074. 

Dogwifhat price sets for 12% rally

Dogwifhat (WIF) price broke above a descending trendline on Monday, suggesting a potential bullish move. At the time of writing, it is slightly up 1% at $2.171 on Tuesday. Additionally, WIF's price action reveals the formation of a double bottom pattern, signaling a possible trend reversal on the horizon.

Bitcoin and Ethereum test 50-day MAs

The crypto market has rallied nearly 2% over the past 24 hours to a $2.34 trillion cap, with the slippage at the start of the day pushing the figure to $2.38 trillion, a level last seen on June 20th.