Cryptocurrency THORChain’s native token, RUNE, has seen a strong 15% price climb today as it continues an upward move out of a period of consolidation. RUNE now trades at $6.15, filling up a triangular chart pattern that, if broken out above, could lead to further bullish momentum.
Keypoints
- THORChain (RUNE) price is up 15% currently, filling up a triangle chart pattern that could lead to a bullish breakout
- The gains come amid hype around native RUNE being added to the Edge self-custody wallet, simplifying participation in THORChain protocols
- RUNE could extend the gains by another 10% to clear the $6.679 range high before hitting the key $7.000 psychological level
- The bullish view would be invalidated if the price breaks below and closes under the $5.221 support level
- Edge integrating RUNE aims to simplify decentralized protocol participation, driving investor interest
Behind RUNE’s powerful gain is hype stemming…
