RUNE Soars Over 270%: A Thrilling Journey Of Value Surge<\/strong><\/h2>\nRecently, the RUNE token on THORChain<\/a> has seen a tremendous ascent. It started off on a fantastic trajectory, rising from a low of just under $0.80 on June 14\u00a0to a\u00a0solid\u00a0high of $2.90 today\u2014a phenomenal 270% gain.<\/p>\nA reversal from a descending triangle, which gained significant traction around August 15, was the catalyst for this advance. Despite some ups and downs coming up to October 20th, the token managed to gain another 80%.<\/p>\n
This surge in value stands as a testament to the robustness of THORChain’s RUNE token, buoyed not only by the impressive price momentum but also by an evident surge in trading volume. RUNE has advanced from its lowest level this year, making the token among the top-performing cryptocurrencies in the world.<\/p>\n
Related Reading: Is Dogecoin Poised For A Big Leap? \u2018Promising\u2019 Indicators To Watch<\/a><\/div>\n![](\"https:\/\/www.tradingview.com\/x\/4ANkGXYu\/\")
<\/p>\n
RUNE market cap currently at $980 million. Chart: TradingView.com<\/a><\/pre>\nTHORChain: Impending Breakout And The $10 Target<\/strong><\/h2>\nThis increased trading activity not only substantiates the upward trend but also underscores a burgeoning confidence among buyers, emphasizing a collective belief in driving the coin towards even greater heights.<\/p>\n
Captain Faibik, a well-known analyst in the cryptocurrency space with an impressive following of almost 68,000 on the X\u00a0platform, recently made an observation that caught our attention: there may be an impending breakout in the price of RUNE, indicating the possibility of substantial movement in the near future.<\/p>\n
\n$RUNE<\/a> is approaching Major Trendline and Horizontal Resistance.<\/p>\nIf it Successfully Breaks out, we might Expect a Significant Bullish Rally in the Midterm.#Crypto<\/a> #RUNE<\/a> #RUNEUSDT<\/a> pic.twitter.com\/efZR6e0rcM<\/a><\/p>\n\u2014 Captain Faibik (@CryptoFaibik) October 31, 2023<\/a><\/p><\/blockquote>\nBased on the analyst’s possible breakout scenario, a big bullish upswing could happen if the RUNE price breaks through its current horizontal support level. The possible rise in price of THORChain could push it toward a major milestone, with a goal of reaching $10 during the rush.<\/p>\n
RUNE: Breaking Resistance And The $3 Billion Milestone<\/strong><\/h3>\nBreaking through this resistance level is a key turning point that could cause prices to rise by a huge amount, indicating a bullish trend that could push THORChain’s price close to a major threshold.<\/p>\n
The achievement of $3 billion in on-chain trade volume<\/a> on major decentralized exchanges (DEXs) is one noteworthy milestone that is contributing to the price increase, along with several other basic variables.<\/p>\nThis significant growth raises questions about the rally’s sustainability. Could the price go through $3 and rise even farther, or is it already at its breaking point?<\/p>\n
\nCongrats @THORChain<\/a><\/p>\nOctober is officially the first $3b on chain trading volume & it entered the top 5 DEX list<\/p>\n
Streaming swaps was the catalyst needed for adoption<\/p>\n
Here’s a few observations \ud83d\udd3d pic.twitter.com\/WGCOLNVLgD<\/a><\/p>\n
A reversal from a descending triangle, which gained significant traction around August 15, was the catalyst for this advance. Despite some ups and downs coming up to October 20th, the token managed to gain another 80%.<\/p>\n
This surge in value stands as a testament to the robustness of THORChain’s RUNE token, buoyed not only by the impressive price momentum but also by an evident surge in trading volume. RUNE has advanced from its lowest level this year, making the token among the top-performing cryptocurrencies in the world.<\/p>\n
<\/p>\n
RUNE market cap currently at $980 million. Chart: TradingView.com<\/a><\/pre>\nTHORChain: Impending Breakout And The $10 Target<\/strong><\/h2>\n
This increased trading activity not only substantiates the upward trend but also underscores a burgeoning confidence among buyers, emphasizing a collective belief in driving the coin towards even greater heights.<\/p>\n
Captain Faibik, a well-known analyst in the cryptocurrency space with an impressive following of almost 68,000 on the X\u00a0platform, recently made an observation that caught our attention: there may be an impending breakout in the price of RUNE, indicating the possibility of substantial movement in the near future.<\/p>\n
\n$RUNE<\/a> is approaching Major Trendline and Horizontal Resistance.<\/p>\n
If it Successfully Breaks out, we might Expect a Significant Bullish Rally in the Midterm.#Crypto<\/a> #RUNE<\/a> #RUNEUSDT<\/a> pic.twitter.com\/efZR6e0rcM<\/a><\/p>\n
\u2014 Captain Faibik (@CryptoFaibik) October 31, 2023<\/a><\/p><\/blockquote>\n
Based on the analyst’s possible breakout scenario, a big bullish upswing could happen if the RUNE price breaks through its current horizontal support level. The possible rise in price of THORChain could push it toward a major milestone, with a goal of reaching $10 during the rush.<\/p>\n
RUNE: Breaking Resistance And The $3 Billion Milestone<\/strong><\/h3>\n
Breaking through this resistance level is a key turning point that could cause prices to rise by a huge amount, indicating a bullish trend that could push THORChain’s price close to a major threshold.<\/p>\n
The achievement of $3 billion in on-chain trade volume<\/a> on major decentralized exchanges (DEXs) is one noteworthy milestone that is contributing to the price increase, along with several other basic variables.<\/p>\n
This significant growth raises questions about the rally’s sustainability. Could the price go through $3 and rise even farther, or is it already at its breaking point?<\/p>\n
\nCongrats @THORChain<\/a><\/p>\n
October is officially the first $3b on chain trading volume & it entered the top 5 DEX list<\/p>\n
Streaming swaps was the catalyst needed for adoption<\/p>\n
Here’s a few observations \ud83d\udd3d pic.twitter.com\/WGCOLNVLgD<\/a><\/p>\n