RUNE's Bullish Momentum Could Continue In Next 24-48 Hours

Coin Edition
Coin Edition

16 Sep 2023 12:51 PM

News of MetaMask’s support of THORChain propelled the cryptocurrency’s price up by more than 9% in 24 hours. Read more on CE....

  • MetaMask has added support for THORChain, allowing users to engage in self-custody swaps.
  • This news has had a positive effect on the price of THORChain's native cryptocurrency, RUNE, which jumped by more than 9% in the past 24 hours.
  • RUNE's price is attempting to break out above a consolidation channel it has been trading in for two weeks.
  • The integration of THORChain with MetaMask could revolutionize the protocol and provide a decentralized alternative to centralized exchanges.
  • RUNE's trading volume has increased by more than 48% in the past day, and it has strengthened against Bitcoin by about 9.21%.
  • If RUNE closes a daily candle above $2.050, it may continue to rise to $3.010, but rejection could lead to a correction down to $1.345.


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You May Ask

What effect did MetaMask adding support for THORChain have on the price of RUNE?How has RUNE's trading volume changed in the past day?What is the potential price target for RUNE if it breaks out above the consolidation channel?What is the significance of the daily MACD line crossing below the MACD Signal line for RUNE's trend?

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