THORChain

<ul>
 <li>THORChain’s native token, RUNE, surged over 13% in the past 24 hours to $6.11.</li>
 <li>If THORChain keeps rising, RUNE might reach $6.50.</li>
</ul>
While the global crypto market is experiencing a decline, THORChain, the liquidity protocol native token RUNE, surged over 13% in the past 24 hours, rising from $5.35 to $6.11 and claiming a <a href="https://thenewscrypto.com/thorchain-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">top spot among gainers</a>.
The token had been relatively stable, trading within the range of $4.95 to $5.54 throughout the week. As crypto market volatility heightened and large-cap altcoins grabbed with the downtrend, RUNE’s bulls regained momentum, propelling its price by 21% in the following seven days.
<h3 class="wp-block-heading" id="h-will-rune-continue-its-bull-rally">Will RUNE Continue its Bull Rally?</h3>
Despite a brief setback after failing to breach the $7.23 resistance level, which resulted in a 39% correction to $4.39, RUNE managed to stabilize for a period. However, with increasing volatility, it struggled to maintain above its key support level of $4.85.
Following that, RUNE swings between $4.87 and $5.76, on the brink of testing its resistance level. At the time of writing, THORChain <a href="https://thenewscrypto.com/tag/thorchain/" target="_blank" rel="noopener noreferrer nofollow">traded</a> at $5.93 with a market cap of $1.98 billion. Additionally, the daily trading volume of RUNE soared over 74% to $593 million.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="519" src="https://thenewscrypto.com/wp-content/uploads/2024/05/image-43-1024x519.png" alt="" class="wp-image-97889" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/image-43-1024x519.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-43-300x152.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-43-768x390.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-43.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">THORChain Price Chart (Source: <a href="https://in.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
However, if THORChain continues its bullish rally RUNE will reach the $6.50 resistance. A successful breakthrough above $6.55 could pave the way for further gains toward $6.81, which could trigger more gains to $7.34.
Conversely, a reversal in the bearish trend could see RUNE losing momentum and descending towards its crucial support level of $4.24 shortly.

THORChain (RUNE) Turns Bullish with 13% Rally. Will RUNE Hit $10?

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