<em><strong>THORChain (RUNE) prices have support at around $5.8 and $6.5, while Maker (MKR) is capped at $2.5k and the middle BB in the short-term.</strong></em>
<h2>THORChain (RUNE)</h2>
The THORChain protocol is a non-custodial cross-chain liquidity pool for users to swap their assets. The governance token of the network is RUNE.
<h3>Past Performance of RUNE</h3>
At the time of writing, the THORChain coin is up versus the USDT, <a href="https://www.cryptoknowmics.com/news/rune-technical-analysis-with-technical-issues-dominating-the-price-next-year-predictions-seems-hazy/">adding</a> 15 percent from this week's lows. However, the RUNE crypto is yet to conclusively close above the middle BB, a dynamic resistance level as visible in the daily chart.
<h3>THORChain Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/ThorChain-Daily-Price-Chart-for-October-23.png"><img class="alignnone size-full wp-image-224945" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/ThorChain-Daily-Price-Chart-for-October-23.png" alt="ThorChain Daily Price Chart for October 23" width="1280" height="1024" /></a>

The primary path of the least resistance is southwards, given the inability of RUNE coin sellers to close above crucial liquidation levels. As it is, the primary resistance is the middle BB. As a result, a close above $8.2, especially, may draw in demand, lifting RUNE token prices towards $13 and even $20 in sessions ahead.
<h3>Day-Ahead and what to Expect</h3>
For the uptrend to be valid, RUNE buyers must build on recent gains and reject attempts of lower lows below $6.5 and $5.8—key support lines. If RUNEUSDT slides below these support points, prices could dump to H2 2021 lows of $3.3.
<h2>Maker (MKR)</h2>
The Maker protocol manages the algorithmic stablecoin DAI using MKR token for governance.
<h3>Past Performance of MKR</h3>
The Maker token price is within a bearish breakout pattern, following the drop below the broader ascending triangle on December 9. Evident from the daily chart, bears could be in control in the short-to-medium term as long as prices trend below $2.5k.
<h3>Maker Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Maker-Daily-Price-Chart-for-October-23.png"><img class="alignnone size-full wp-image-224944" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Maker-Daily-Price-Chart-for-October-23.png" alt="Maker Daily Price Chart for October 23" width="1280" height="1024" /></a>

At the time of writing, the MKR coin is pulling higher, though still defined by the high volume bear candlestick of December 13. The bar's resistance is at around $2.5k—price levels in which MKRUSDT is retesting. The short-term bear trend's invalidation will be when there is a satisfactory close above $2.5k with expanding volumes, swinging back buyers into contention. If not, deeper losses from spot levels may push MKR token prices to $2.7k—December 2021 lows—doubling up as the short-term bear target.
<h3>Day-Ahead and what to Expect</h3>
Currently, MKRUSDT prices are bound between the lower BB and the middle BB, with strong resistance at $2.5k. Although there has been a bounce from recent lows of $2.1k, bulls must unwind losses to cancel the <a href="https://www.cryptoknowmics.com/news/maker-mkr-and-ampleforth-ampl-technical-analysis-buyers-reverse-losses/">bear breakout pattern of December 9</a>. A high volume close above $2.5k, for instance, may see MKR prices shoot to $3.3k—October 2021 highs—in the medium term.

THORChain (RUNE) and Maker (MKR) Technical Analysis: Prices Pulling Back from Recent Lows

ThorChain (RUNE) prices have support at around $5.8 and $6.5 while Maker (MKR) is capped at $2.5k and the middle BB in the short-term.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

THORChain (RUNE) and Maker (MKR) Technical Analysis: Prices Pulling Back from Recent Lows

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