$MKR
MKR has currently broken through the downward channel of $1350 and successfully stood above $1500 after this breakthrough, achieving an 11% increase in 24 hours.
Next, MKR faces resistance at $2,000, which is a psychological threshold and also a previous price reaction area. If it maintains its trend, MKR could reach an expected target of over $2,400, consistent with typical breakout trends.
Currently, MakerDAO is voting to maintain its recent rebranding, which was strongly opposed by many, claiming that the decentralized autonomous organization behind the oldest and largest Ethereum-based algorithmic stablecoin DAI is wasting its industry-wide recognition. Despite nearly 80% of the voting shares being in favor of retaining the 'Sky' brand, according to Sky's polling indicators, only four entities, out of about 20 voting entities, accounted for almost all of the voting shares. Each entity received about 20% of the votes, with only one large entity opposing the proposal.
