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ThorChain Price Gains 18.4% to $10.17 – Where to Buy RUNE

RUNE ThorChain
RUNE ThorChain

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The crypto market had a slight dip yesterday, leading to most altcoins dropping to the red zone levels. However, this has not prevented ThorChain from making incredible highs and defying the odds. The altcoin has made double-digit gains during the past 24 hours enabling it to move to new monthly highs. RUNE is trading at $10.17 at the time of writing after an 18.4% gain in 24 hours.

ThorChain Price Analysis

ThorChain Price Analysis Oct 22
Source: Tradingview

RUNE has been making major gains over the past 24 hours, and despite dipping slightly from key resistance levels, it is still showing strong resilience in maintaining those highs.

The high market and buyer support that the coin is enjoying could lead to more gains being created. During the 24-hour bull run, the coin almost touched the $11.50 levels, but it failed to reach it, but instead retreating to the current lows.

Because the overall market support has resumed, we could see RUNE headed towards $11 again, after which it could make a breakout towards $12. However, despite the gains, the coin is still halfway from reaching its record high levels. It hence needs overwhelming support to reach these highs.

On the other hand, the altcoin could also retreat to lower levels. In this case, it could drop to the lower support levels of $10. The coin could also dip below $10 if it lacks support from buyers. Before the 24-hour rally, RUNE was trading at around $7.50.

Earlier this month, the THORSwap closed a $3.75 million token sale. The firm stated that part of these funds would be used to boost operational resources. The platform supports some of the most popular cryptocurrencies, such as Bitcoin and Ethereum and plans to use some of these funds to increase the platform’s offerings.

Where to Buy RUNE

To purchase RUNE during the current market bulls, one can create a cryptocurrency exchange account on the below platforms:

  • eToro

eToro is a highly reputable exchange that supports a wide range of cryptocurrencies and trading pairs. eToro offers user-friendly features such as low trading fees and commissions that attract traders that want to use the exchange.

  • Binance

You can buy RUNE from Binance. Binance is the largest cryptocurrency exchange globally, with a presence in many countries. Binance charges some of the lowest trading fees and has a user-friendly interface that makes it easy to use.

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