RUNE analysis: Price levels to watch as momentum shifts
RUNE's struggle to break above key EMAs leaves traders eyeing the $3.5 support for signs of a potential bullish reversal.
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RUNE's struggle to break above key EMAs leaves traders eyeing the $3.5 support for signs of a potential bullish reversal.
September is expected to be the beginning of change for the crypto market, which could be a boon for altcoins.
With the crypto market wilting under the weight of these fearful times, three of the higher end altcoins are at, or near, major support levels once again - is this the time to buy?
Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.
THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime.
RUNE, has recently captured the attention of crypto enthusiasts with its impressive performance and potential for significant gains. After a strong week of gains, RUNE has faced a slight setback, but analysts are eyeing a potential 200% surge that could see the token reach $10.
THORChain was about to break above a long-term bullish pattern that could result in a 200% price rise.
Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE's trajectory is upward with a whopping 17% gain since last week.
LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks.
LI.FI's integration with ThorChain enhances cross-chain liquidity, simplifying Bitcoin transactions and broadening DeFi platform capabilities. The post LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains appeared first on Crypto Briefing.
THORChain's price increased by more than 13% in the last 24 hours, hinting that it could reach $5 again.
Curious why Thorchain (RUNE) is on the rise? Discover the latest news and the reasons behind its price surge.
ThorChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash Litecoin. It is a cross-chain decentralized protocol that allows native swaps between different blockchains.
THORChain (RUNE) price has been noting growth over the last 24 hours, but it may not be enough to counter the bearish bigger picture.
The crypto market today shows a slight recovery with the TOTAL market cap of $2.14T and Bitcoin reclaiming the $61,000 mark, Ethereum (ETH) still struggling, XRP getting stronger and Solana (SOL) preparing for a surge in the short-term.
RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers.
This collaboration will see THORChain become the backbone of Kujira's DeFi suite, providing deep liquidity. It will also integrate THORChain's native apex assets into Kujira's ecosystem.
THORChain (RUNE) is among the altcoin topping charts on Friday as bulls dominate the crypto market. The alt jumped from the daily low of $4.23 to $4.79, a 13.23% increase in the past day. While THORChain mimics revivals in the crypto market, ongoing RUNEPool developments extended RUNE's upside.
THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, Bitcoin Cash, and Litecoin.THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network. RUNEUSD pared some of its gains after a pullback.
THORChain (RUNE) has experienced a significant resurgence, with its price climbing 16.4% over the past week, reaching $4.71. This upward trend follows a low of $3.11, highlighting a notable recovery.
Rising as a major competitor for a big breakthrough is THORChain (RUNE). Rune has showed strength, recovering by around 23% during the previous week following a recent fall to $3.10.
As Bitcoin (BTC) heads back towards potential new all-time highs, the altcoins are following in its wake. Solana (SOL) and ThorChain (RUNE) are first among the altcoins to break their down trends.
Despite the recent bounce in the market, there is enough opportunity as many altcoins remain majorly undervalued. Analyst Miles Deutscher said some altcoins could perform exceptionally well if the market gains momentum.
Zengo Wallet launches an in-wallet swap solution powered by THORChain, offering low-fee and secure self-custodial swaps for users.