What is Dao Maker Waiting to Rise?

Dao Maker, continues to make a big impact in the crypto world with its latest launchpads carried out in 2024. The profit margins of their projects are also striking. They indicate that they have an average profit margin of 920%.

Also, they attract attention with their new website published in 2024. The new design reveals APR earnings in addition to presales with features like farming and staking. However, despite these innovations, there doesn’t seem to see much reflection on the price. Let’s now examine the price.

Dao Maker, broke the falling wedge formation it had in recent weeks, rising to levels of $1.50. However, after retesting the broken downward wedge formation, it started to follow a horizontal movement. If there is not a sharp pullback in Bitcoin, it can accelerate its upward movement after regaining the $1 level.

The possibility of it offering an increase up to the levels of $3.73 as the target of the falling wedge formation seems quite positive. However, the possibility of a sharp pullback in Bitcoin should also be taken into consideration. In this case, there might be a possibility of a pullback to the $0.785 levels. We can evaluate the price movements of Dao Maker by closely following the movements of Bitcoin.

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