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% in the Last 7 Days

ThorChain (RUNE) is Going Bullish; Know Why Its Up By +33%

/ 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):
Source: TradingView

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.

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