RUNE 120% surge could be exhausted as THORChain price faces crucial resistance level

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RUNE 120% surge could be exhausted as THORChain price faces crucial resistance level
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THORChain (RUNE) price has been on an epic surge beginning late October, recording a remarkable breakout that catapulted the market value of the cryptocurrency to levels last seen during the Terra UST era.

Chain price is up 120% in a remarkable rally beginning October 20, testing levels last seen in May 2022. However, the uptrend could be exhausted for

Chain exchange surpasses $200 million in total volume after swap pause faces a crucial barricade at $3.485, levels last tested in May 2022. Based on the Relative Strength Index outlook, to extend above the $0.3500 psychological level, with a decisive move above this level invalidating the bullish thesis.

Chain on-chain metrics support the thesis Based on data from Santiment, social dominance for the

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