The post <a href="https://coinpedia.org/price-analysis/rune-price-analysis-completes-bullish-180-ready-to-top-8-5/" rel="noopener noreferrer nofollow">RUNE Price Analysis Completes Bullish 180, Ready To Top $8.5?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Finding a new bullish spirit with a new week, the Thorchain token ranks high amongst this week’s top performers. With a remarkable uptrend in the last three days, the momentum continues to grow for the RUNE price trend.
Further, the breakout rally in the 4H chart signals a new continuation pattern ready to extend the ongoing bull run. Therefore, with the improving sentiments and the technicals around Thorchain, the <a href="https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/" rel="noopener noreferrer nofollow">RUNE price prediction</a> highlights a bullish outlook.&nbsp;&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-1024x481.png" alt="" class="wp-image-249962" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/30111033/RUNEUSD_2023-11-30_10-49-44.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source – <a href="https://www.tradingview.com/x/BEJ3IcOw/" rel="noopener noreferrer nofollow">Tradingview</a>
With a YTD growth of 194%, the RUNE price continues to sustain the bullish momentum as it ends the year 2023. The ongoing bullish journey of 2023 starts from $1.28 to reach $6.5 while hatching a new breakout plan to prolong the uptrend.&nbsp;
In the 4H chart, the triangle breakout rally gains momentum to complete a rounding reversal to the $6.5 mark. Further, the bullish trend forms a rounding bottom pattern and teases a breakout as the trading volume spikes.&nbsp;
Currently, the RUNE coin price trades at $6.36 with minimal intraday growth following the late-night jump of 6.23%. Further, the price trend displays a 21.20% jump in the last three days and forms a triple white soldier pattern.&nbsp;
Technical indicators:
RSI indicator: Supporting the bullish turnaround, the RSI line takes an about turn to return to the overbought boundary. Therefore, the momentum indicator shows a bullish trend in motion.&nbsp;
EMA: The ongoing positive trend grows stronger for the 50D and 200D EMA, reflecting a solid underlying demand for RUNE.&nbsp;
<h2 class="wp-block-heading" id="h-will-rune-price-give-a-bullish-breakout">Will RUNE Price Give A Bullish Breakout?</h2>
With the market regaining a bullish trend, the altcoins are amplifying returns and projecting a stronger uptrend to end 2023. Similarly, the RUNE coin price signals a strong bullish continuation pattern.&nbsp;
With a $6.5 breakout, the altcoin price can reach the $8.5 mark before challenging the psychological mark of $10.
However, a short pullback can retest the $6 mark.

RUNE Price Analysis Completes Bullish 180, Ready To Top $8.5?

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