Maker

Bitcoin

THORChain

<div class="coinjournal"> 
 <ul> 
  <li dir="ltr">Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k.</li> 
  <li dir="ltr">MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01</li> 
 </ul> 
 <p dir="ltr">The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a>) and most <a rel="noopener noreferrer nofollow" title="altcoins" href="https://thebittimes.com/tag/altcoins.html">altcoins</a> sending the total market cap up by 3.1% as at the time of writing. <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> traded above $27k again, benefiting from overall positivity in risk asset markets.</p> 
 <p dir="ltr">With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (<a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a>) and THORChain (RUNE).</p> 
 <h2 dir="ltr" id="maker-price-breaks-to-highest-level-since-may-2022">Maker price breaks to highest level since May 2022</h2> 
 <p dir="ltr">Maker (<a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a>) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. <a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a> price has jumped nearly 48% in the past 30 days.</p> 
 <p dir="ltr">Amid the gains is a surge in on-chain activity, particularly in active address count that stood at a 10-week high as of Thursday. Interest in <a rel="noopener noreferrer nofollow" title="MKR" href="https://thebittimes.com/tag/mkr.html">MKR</a> could see bulls seek out $2,000 – especially if the overall market picture supports further upside momentum.</p> 
 <figure id="attachment_153733" aria-describedby="caption-attachment-153733" class="wp-caption alignnone"> 
  <img decoding="async" class="wp-image-153733 size-full" src="https://cdn.thebittimes.com/images/2023/09/29/0a5c5d047f853701954c75d98338744f.webp" alt="" width="1281" height="557"> 
  <figcaption id="caption-attachment-153733" class="wp-caption-text">
    Maker (MKR) price chart. Source:&nbsp;TradingView 
  </figcaption> 
 </figure> 
 <h2 dir="ltr" id="thorchain-rune-eyes-breakout-above-2">THORChain (RUNE) eyes breakout above $2</h2> 
 <p dir="ltr">THORChain (RUNE) price is one of outperformers today, with the altcoin’s value breaking beyond $1.9 as buying pressure mounted.</p> 
 <p dir="ltr">RUNE got rejected at $1.98 on September 18, eventually slipping to lows of $1.65. Today’s gains sees the cryptocurrency pierce the resistance around $1.74, with the 20-day EMA acting as support near $1.72.</p> 
 <p dir="ltr">For RUNE, there could be an urgency among buyers if price breaks above $2.01. If the expected buy-side liquidity plays out, we could see RUNE/USD eye $3.</p> 
 <figure id="attachment_153734" aria-describedby="caption-attachment-153734" class="wp-caption alignnone"> 
  <img decoding="async" loading="lazy" class="wp-image-153734 size-full" src="https://cdn.thebittimes.com/images/2023/09/29/a66d28963caf263a16af5e9fadd8471b.webp" alt="" width="1281" height="557"> 
  <figcaption id="caption-attachment-153734" class="wp-caption-text">
    THORChain (RUNE) price chart. Source: TradingView 
  </figcaption> 
 </figure> 
 <p dir="ltr">However, while bulls might eye a fresh break to $3.00, they face tough resistance at this week’s supply wall that’s part of a horizontal hurdle that also thwarted buyers in February. A pullback is therefore likely given potential profit taking, in which case the primary support could be in the region of $1.72 to $1.66.</p> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again-tbt64433.html">https://thebittimes.com/maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again-tbt64433.html</a></p>

Maker (MKR), THORChain (RUNE) skyrocket; Bitcoin takes $27k again

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