$RUNE
The chart of THORChain shows a strong breakout from the consolidation phase, marking the formation of an ascending triangle. This pattern is characterized by rising lows and a flat resistance, typically indicating a continuation of the bullish trend. The breakout is confirmed by a large upward candle that pierces through the resistance level, demonstrating strong buying interest and momentum. The breakout is also consistent with an increase in trading volume, which enhances the credibility of this movement and suggests that buyers may be ready to push RUNE higher.
After the breakout, the price of RUNE increased by 11.40%, making it one of the top five gainers in the crypto market today. This performance further supports the bullish trend, as higher trading volume and steady buying interest continue to drive the price up. If the breakout holds above the previous resistance, RUNE's price may continue to gain. This level may undergo a brief retest, which could provide additional entry points for traders seeking confirmation.
