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Potential Bullish Wave Ahead for Thorchain as 1D Falling Wedge Forms
Date: Tue, Sept 10, 2024, 05:30 PM GMT
The cryptocurrency market has started to show some bullish momentum, with several altcoins breaking out of their downward trends. Among them is Thorchain (RUNE), a decentralized cross-chain liquidity protocol that enables users to swap assets between different blockchain networks. Over the past 24 hours, $RUNE has surged by an impressive 6.24%.
A well-known crypto analyst on X (formerly Twitter), @ZAYKCharts, recently shared his analysis of Thorchain. According to him, the 1-day timeframe of RUNE is forming a falling wedge pattern, a bullish signal that could indicate a potential breakout. He mentioned that if RUNE manages to break past the trendline, we could see a significant bullish rally ahead.
As of now, RUNE is trading at $4.02, just below the key resistance level. If it breaks out as anticipated, this could be an exciting time for RUNE holders, as the price might continue to climb.
Get more updates at: coinsrprobe.com
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Always do your research before making any investment decisions.
#Thorchain #RUNE #NFAâ
The cryptocurrency market has started to show some bullish momentum, with several altcoins breaking out of their downward trends. Among them is Thorchain (RUNE), a decentralized cross-chain liquidity protocol that enables users to swap assets between different blockchain networks. Over the past 24 hours, $RUNE has surged by an impressive 6.24%.
A well-known crypto analyst on X (formerly Twitter), @ZAYKCharts, recently shared his analysis of Thorchain. According to him, the 1-day timeframe of RUNE is forming a falling wedge pattern, a bullish signal that could indicate a potential breakout. He mentioned that if RUNE manages to break past the trendline, we could see a significant bullish rally ahead.
As of now, RUNE is trading at $4.02, just below the key resistance level. If it breaks out as anticipated, this could be an exciting time for RUNE holders, as the price might continue to climb.
Get more updates at: coinsrprobe.com
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Always do your research before making any investment decisions.
#Thorchain #RUNE #NFAâ
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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