The majority of the broader cryptocurrency market is trading in the green zone. Altcoins such as RUNE are headed towards creating new all-time highs. While RUNE is not been a leading gainer in the past month, its uptrend has enabled the coin to make new month highs after double-digit gains.
RUNE is trading at $8.93 at the time of writing after an 11.1% gain in 24 hours.
RUNE Price Analysis
RUNE is among the best gainers in the cryptocurrency market in the past 24 hours. The gains are attributed to market support that has grown strong after BTC make a sudden comeback and shot to $47K.
If buyers still support RUNE, we could see the coin heading towards the next resistance level of $10. This level will be critical for RUNE because it could ignite a bull run towards an all-time high past $20. However, these bulls could fail if ThorChain retreats from the current levels.
If a trend reversal happens at this point, we could see ThorChain heading towards lower support of $8.20. This support could be triggered if traders decide to sell to escape losses if another market pullback happens. However, RUNE will only erase most of the gains made in the past month if string bears push the coin below $7.
ThorChain is one of the leading decentralized finance (DeFi) platforms. ThorChain has suffered from the recent hacking attacks on the DeFi sector after two simultaneous attacks on the network. However, the platform showed resilience in handling the attacks, and ThorChain managed to recover after a massive dip caused by the event
Where to Buy RUNE
If you want to buy RUNE during the current market upswing, you can create a cryptocurrency exchange account on the following platforms:
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You can buy RUNE coins from FTX Spot. It is also a leading exchange that gives users access to a variety of cryptocurrencies and trading pairs. FTX is also available in many countries, and it also supports user-friendly features that make it easy to trade on the platform.
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