#BTC #BinanceLaunchpool #BB #MemeWatch2024 (THORChain) is showing strong signs of bullish momentum, confirming its support at $5.6 and aiming for a target of $10.4. Here’s a detailed breakdown:

### Current Analysis of $RUNE

- **Support Confirmation:** $RUNE has established a solid support level at $5.6.

- **Target Price:** The next target is set at $10.4, driven by significant trading volume.

- **Past Performance:** Historical data shows $RUNE has previously yielded up to 11x profit, indicating strong potential for substantial returns.

### Key Considerations

- **Bitcoin's Influence:** The bullish sentiment in Bitcoin (BTC) is crucial. If BTC maintains its upward trend, it could accelerate $RUNE's progress towards the $10.4 target.

- **Market Volume:** The substantial trading volume supporting this move indicates strong market interest and potential for continued growth.

### Strategy

1. **Monitoring:** Keep a close watch on $RUNE's price action, ensuring it maintains above the $5.6 support level.

2. **Profit Targets:** Plan to take profits around the $10.4 target, but be flexible to adjust based on market conditions and potential further bullish signals.

3. **Bitcoin Correlation:** Stay updated on Bitcoin's performance, as its bullish trend is likely to positively influence $RUNE.

4. **Risk Management:** Use stop-loss orders to mitigate risks, especially if the price dips below the confirmed support level of $5.6.

### Conclusion

$RUNE is currently exhibiting strong bullish characteristics, with a solid support level at $5.6 and a target of $10.4. The substantial volume and Bitcoin's bullish sentiment further support this upward movement. Monitoring market conditions and employing sound risk management strategies will be crucial to maximizing potential gains.