Metamask adds Thorchain support but RUNE bulls could head this way…
AMBCrypto
16 Sep 2023 5:30 AM
ThorChain dropped some big news and RUNE is in no shape to keep it low. RUNE saw a renewed confidence after the protocol's Metamask compatibility announcement. But will the bulls stay around a bit longer? ...
- Thorchain has integrated with Metamask, allowing users to trade crypto using a decentralized protocol instead of a centralized exchange.
- The integration with Metamask could be a game-changer for Thorchain, as Metamask has over 30 million users globally.
- Thorchain's native cryptocurrency, RUNE, has experienced a positive reaction to the news, with a 13% upside in the last 24 hours.
- Traders should be cautious of potential sell pressure as RUNE approaches overbought territory and the same resistance range as its August rally.
- On-chain data shows an increase in investor confidence and growing volume for RUNE.
- The overall market conditions have been improving in favor of the bulls, which could further support RUNE's rally.
The article has a positive sentiment overall, highlighting the potential benefits of Thorchain's integration with Metamask and the positive reaction of RUNE's price.
You May Ask
What is the significance of Thorchain's integration with Metamask?How has RUNE's price reacted to the news of the integration?What should traders be cautious of as RUNE approaches overbought territory?What does the on-chain data reveal about investor confidence and volume for RUNE?How have the overall market conditions been favorable for the bulls and RUNE's rally?