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ENOFUA GREAT ETUE Gr8grizzy
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RUNE Crypto: A Potential 50% Upswing Awaits Beyond Present Level THORChain (RUNE) cryptocurrency experienced a resurgence, after bottoming out from the lows near the 200-day Exponential Moving Average (EMA). The broader market sentiment has improved, restoring confidence among investors, which propelled the cryptocurrency to approach the $7.8 mark swiftly.Additionally, the asset has begun to chart higher peaks, bolstered by an increase in trading volume.Yet, resistance remains robust around the $7.8 threshold.Let’s analyze whether the bulls are strong enough to breach the $7.8 barrier, or if the bearish pressure will prevail, potentially reversing the recent gains and initiating a corrective phase in the short-term trend.Recent trading sessions have seen a significant increase in volume inflow for RUNE crypto, indicating strong buying interest that’s driving the price upward.gThe intraday volume reached $197.11 Million, marking an 18% increase from previous sessions. The volume-to-market cap ratio stands at 9.28%, pointing to moderate market volatility. Currently, there are 334.57 million RUNE tokens in circulation, which is 81% of the total supply of 412.75 million tokens.Additionally, the Total Value Locked (TVL) in RUNE Crypto has been on an upward trend since February 2024. This growth in TVL signifies a shift in market engagement, a rising demand for the RUNE project, and a growing propensity among investors to maintain their investments.From a technical point of view, RUNE has completed the retest followed by a breakout of an upper trendline resistance, signaling an end to the corrective trend. THORChain (RUNE) is rising towards $7.8 amid the improved market sentiment. Trading volume is up, suggesting bullish interest. With 334.57 million tokens in circulation, TVL’s rise reflects increased market participation and investor commitment. #thorchain #ETHETFsApproved #FIT21 #altcoins #EarnFreeCrypto2024

RUNE Crypto: A Potential 50% Upswing Awaits Beyond Present Level

THORChain (RUNE) cryptocurrency experienced a resurgence, after bottoming out from the lows near the 200-day Exponential Moving Average (EMA). The broader market sentiment has improved, restoring confidence among investors, which propelled the cryptocurrency to approach the $7.8 mark swiftly.Additionally, the asset has begun to chart higher peaks, bolstered by an increase in trading volume.Yet, resistance remains robust around the $7.8 threshold.Let’s analyze whether the bulls are strong enough to breach the $7.8 barrier, or if the bearish pressure will prevail, potentially reversing the recent gains and initiating a corrective phase in the short-term trend.Recent trading sessions have seen a significant increase in volume inflow for RUNE crypto, indicating strong buying interest that’s driving the price upward.gThe intraday volume reached $197.11 Million, marking an 18% increase from previous sessions. The volume-to-market cap ratio stands at 9.28%, pointing to moderate market volatility. Currently, there are 334.57 million RUNE tokens in circulation, which is 81% of the total supply of 412.75 million tokens.Additionally, the Total Value Locked (TVL) in RUNE Crypto has been on an upward trend since February 2024. This growth in TVL signifies a shift in market engagement, a rising demand for the RUNE project, and a growing propensity among investors to maintain their investments.From a technical point of view, RUNE has completed the retest followed by a breakout of an upper trendline resistance, signaling an end to the corrective trend.

THORChain (RUNE) is rising towards $7.8 amid the improved market sentiment. Trading volume is up, suggesting bullish interest. With 334.57 million tokens in circulation, TVL’s rise reflects increased market participation and investor commitment.

#thorchain #ETHETFsApproved #FIT21 #altcoins #EarnFreeCrypto2024

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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