- The price of RUNE soared more than 17% over the past 24 hours to trade at $2.86 at press time.
- RUNE’s price has been in a multi-day positive sequence over the last week, which allowed it to flip 2 resistance levels.
- Technical indicators on RUNE’s daily chart suggested that its price may rise in the next 24-48 hours.
The price of THORChain (RUNE) surged by more than 17% over the past 24 hours, according to data from the cryptocurrency price tracking website CoinMarketCap. Subsequently, the altcoin’s value stood at $2.86 at press time. Along with the significant price increase, RUNE also recorded a 128.26% uptick in its 24-hour trading volume.
Daily chart for RUNE/USDT (Source: TradingView)
A bullish trend line formed on RUNE’s daily chart over the past 2 weeks. During this time, the altcoin printed a series of higher lows. This multi-day sequence also led to RUNE overcoming two major price barriers.
The first resistance level that was surpassed was the $2.225 price point, and RUNE was able to break above this mark on 26 October 2023. In the couple of days that followed, the cryptocurrency’s price was then able to overcome the next barrier at $2.…
The post Thorchain (RUNE) Adds to Its Streak by Surging 17+% In 24H appeared first on Coin Edition.