Ethereum

Bitcoin

THORChain

<ul>
 <li><strong>THORChain (RUNE) has surged by 11.5% in the last 24 hours and 15.6% over the past month.</strong></li>
 <li><strong>THORChain’s price could potentially reach the $1.97 level.</strong></li>
</ul>
<p>In the midst of recent market turbulence, THORChain (RUNE) has captured the attention of crypto enthusiasts with a significant rally. The altcoin’s journey to recovery has seen it surge by an impressive 11.5% over the last 24 hours and 15.6% over the past month. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) have struggled to <a href="https://thenewscrypto.com/bitcoin-continues-to-fall-amidst-geopolitical-tensions-whats-next/" rel="noopener noreferrer nofollow">maintain gains</a>, showing red in their daily performances.</p>
<p>Following a quick correction after surging to an intra-day high of $2.04 on October 6, THORChain found strong support at the $1.33 level. This price action resulted in a new trading range for RUNE, with upper and lower bounds established at $1.72 and $1.39, respectively.</p>
<h2 class="wp-block-heading" id="h-analyzing-thorchain-rune-24-h-price-changes">Analyzing THORChain (RUNE) 24-H Price Changes</h2>
<p>On October 12th, RUNE experienced a 24% price drop, sliding from $1.94 to $1.47. However, the <a href="https://thenewscrypto.com/ethereum-dips-below-1530-whats-next-for-eth-investors/" rel="noopener noreferrer nofollow">crypto asset</a> not only recovered swiftly but also managed to surpass its previous high-water mark.&nbsp;</p>
<p>According to the daily price chart, if current market dynamics persist, THORChain’s price may have the potential to peak at around $1.97 or even extend further to $2.23. On the flip side, if bearish sentiment reemerges, THORChain’s price could experience a decline, with potential support levels around $1.52 and even further down to $1.358.</p>
<p>The Relative Strength Index (RSI) is still in the oversold territory, indicating <a href="https://thenewscrypto.com/thorchain-price-prediction" rel="noopener noreferrer nofollow">potential for further gains.</a> The RSI is a technical indicator used to assess the momentum of an asset, and an oversold condition often suggests that there may be more room for an upward price move.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="859" height="436" src="https://thenewscrypto.com/wp-content/uploads/2023/10/THORChain.png" alt="" class="wp-image-83831" srcset="https://thenewscrypto.com/wp-content/uploads/2023/10/THORChain.png 859w, https://thenewscrypto.com/wp-content/uploads/2023/10/THORChain-300x152.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/10/THORChain-768x390.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/10/THORChain-150x76.png 150w" sizes="(max-width: 859px) 100vw, 859px">
  <figcaption class="wp-element-caption"><em>THORChain (RUNE) Price Chart (Source: CoinMarketCap)</em>
  </figcaption>
 </figure>
</div>
<p>At the time of writing, THORChain is actively trading at $1.71, boasting a substantial daily trading volume of $111 million. This surge represents a 95.88% increase in trading activity over the past 24 hours, indicating a mounting enthusiasm among investors for the prospects of RUNE.</p>

THORChain (RUNE) Recovers 24% Drop to Make New Highs. What’s Next?

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