{"id":23762,"date":"2023-09-28T18:55:25","date_gmt":"2023-09-28T18:55:25","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again\/"},"modified":"2023-09-28T18:55:25","modified_gmt":"2023-09-28T18:55:25","slug":"maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again\/","title":{"rendered":"Maker (MKR), THORChain (RUNE) skyrocket; Bitcoin takes $27k again"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1646311758150-69ed1e01-e0e4-4c3e-a3c8-718fd7f014a7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1646311758150-69ed1e01-e0e4-4c3e-a3c8-718fd7f014a7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1646311758150-69ed1e01-e0e4-4c3e-a3c8-718fd7f014a7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1646311758150-69ed1e01-e0e4-4c3e-a3c8-718fd7f014a7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k.<\/li>\n<li dir=\"ltr\">MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01<\/li>\n<\/ul>\n<p dir=\"ltr\">The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.1% as at the time of writing. <a href=\"https:\/\/coinjournal.net\/news\/tag\/btc\/\">BTC<\/a> traded above $27k again, benefiting from overall positivity in risk asset markets.<\/p>\n<p dir=\"ltr\">With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (MKR) and THORChain (RUNE).<\/p>\n<h2 dir=\"ltr\">Maker price breaks to highest level since May 2022<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/maker\/\">Maker (MKR)<\/a> broke higher following this week\u2019s 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%. MKR price has jumped nearly 48% in the past 30 days.<\/p>\n<p dir=\"ltr\">Amid the gains is a <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1707216164739543469\" target=\"_blank\" rel=\"noopener\">surge in on-chain activity<\/a>, particularly in active address count that stood at a 10-week high as of Thursday. Interest in MKR could see bulls seek out $2,000 \u2013 especially if the overall market picture supports further upside momentum.<\/p>\n<figure id=\"attachment_153733\" aria-describedby=\"caption-attachment-153733\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-153733 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/09\/MKRUSD_2023-09-28_20-49-36.png\" alt=\"\" width=\"1281\" height=\"557\"\/><figcaption id=\"caption-attachment-153733\" class=\"wp-caption-text\">Maker (MKR) price chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/A0nlMg78\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a><\/figcaption><\/figure>\n<h2 dir=\"ltr\">THORChain (RUNE) eyes breakout above $2<\/h2>\n<p dir=\"ltr\">THORChain (RUNE) price is one of outperformers today, with the altcoin\u2019s value breaking beyond $1.9 as buying pressure mounted.<\/p>\n<p dir=\"ltr\">RUNE got rejected at $1.98 on September 18, eventually slipping to lows of $1.65. Today\u2019s gains sees the cryptocurrency pierce the resistance around $1.74, with the 20-day EMA acting as support near $1.72.<\/p>\n<p dir=\"ltr\">For RUNE, there could be an urgency among buyers if price breaks above $2.01. If the expected <a href=\"https:\/\/coinjournal.net\/thorchain\/buy\/\">buy-side<\/a> liquidity plays out, we could see RUNE\/USD eye $3.<\/p>\n<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:\/\/coinjournal.net\/wp-content\/uploads\/2023\/09\/RUNEUSD_2023-09-28_21-21-58.png\" alt=\"\" width=\"1281\" height=\"557\"\/><figcaption id=\"caption-attachment-153734\" class=\"wp-caption-text\">THORChain (RUNE) price chart. Source: <a href=\"https:\/\/www.tradingview.com\/x\/XIYcVXHm\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a><\/figcaption><\/figure>\n<p dir=\"ltr\">However, while bulls might eye a fresh break to $3.00, they face tough resistance at this week\u2019s supply wall that\u2019s 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>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/maker-mkr-thorchain-rune-skyrocket-bitcoin-takes-27k-again\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k. MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01 The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23762"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23762"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23763"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}