ThorChain (RUNE) is Going Bullish; Know Why Its Up By +33% in the Last 7 Days
![ThorChain (RUNE) is Going Bullish; Know Why Its Up By +33%](https://coinsprobe.com/wp-content/uploads/2023/10/ThorChain-RUNE-is-Going-Bullish-Know-Why-Its-Up-By-33-in-the-Last-7-Days-1024x628.png)
/ ThorChain (RUNE) surges +33% in 7 days. Discover the reasons behind this impressive cryptocurrency breakout.
By Nilesh Hembade.
Date: 31 Oct 2023, 13:01 PM IST
ThorChain, the decentralized liquidity protocol, is currently experiencing a remarkable surge in its native token, RUNE. Over the past week, the RUNE token has displayed impressive upward momentum, recording a substantial gain of +33% in the last 7 days. Today, it continues to exhibit bullish tendencies with a +16.79% surge in the last 24 hours following a significant breakout.
As of the time of writing, the price of $RUNE stands at $2.89, underlining the token’s robust performance in recent days.
Breakout in ThorChain (RUNE):
ThorChain’s RUNE token achieved a substantial breakout on October 23, 2023, effectively putting an end to a prior downtrend pattern. The breakthrough occurred at a pivotal resistance level of $1.92. After this decisive breakout, the price surged to reach a high of $2.90, signifying a momentous turning point for the cryptocurrency.
![Breakout in ThorChain (RUNE):](https://coinsprobe.com/wp-content/uploads/2023/10/Thorchain-Rune-Chart-coinsprobe-2023-10-31-124658.png)
This impressive bullish momentum in ThorChain (RUNE) has captured the attention of investors and analysts alike, as it indicates a resurgence in interest and potential for significant price appreciation.
Disclaimer:
Consult your financial advisor before making any decisions because Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. No information on this website is intended to be a solicitation or an offer.