{"id":443050,"date":"2023-09-27T13:30:10","date_gmt":"2023-09-27T13:30:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=443050"},"modified":"2023-09-27T13:30:10","modified_gmt":"2023-09-27T13:30:10","slug":"thorchain-projections-rune-ramps-up-1-why-is-the-market-buzzing","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/thorchain-projections-rune-ramps-up-1-why-is-the-market-buzzing","title":{"rendered":"THORChain Projections: RUNE Ramps Up 1% \u2013 Why Is the Market Buzzing?"},"content":{"rendered":"

THORChain (RUNE) has seen a significant surge in its price over the past two months, garnering increased attention from investors and traders. <\/span><\/p>\n

At 8:33 a.m., <\/span>RUNE is priced at $1.77<\/span><\/a>, marking a 3% rise in the last 24 hours. Furthermore, its performance over the past month has registered a 24% gain.<\/span><\/p>\n

RUNE Price Signals Bullish Momentum<\/span><\/h2>\n
\"RUNE\/USD
RUNEUSD Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

Rune appears to follow a bullish trajectory as the ongoing battle between the bulls and bears over the price forms an ascending triangle pattern, signaling a continuation of the bullish trend. <\/span><\/p>\n

The short, succeeding green candlesticks indicate that the price has rebounded on the lower boundary of the triangle.<\/span><\/p>\n

Furthermore, the 50-day and 200-day moving averages have crossed at $1.28, suggesting that the bulls have taken control of the price and may drive it higher. <\/span><\/p>\n

At the time of writing, both simple moving averages are trading below the price of RUNE, confirming the bullish outlook for RUNE.<\/span><\/p>\n

On the other hand, the relative strength index (RSI) indicates a change in trend as it rebounds at the 50-neutral mark and currently trades at 56. <\/span><\/p>\n

This suggests intense buying pressure for the RUNE price, potentially leading to the RSI surging into the overbought region of 70.<\/span><\/p>\n

RUNE is currently experiencing a gradual surge in a bullish trend. Supported by the ascending triangle and the moving averages, RUNE can break above the triangle’s upper boundary and reach $2.02 and $2.5, respectively.<\/span><\/p>\n

However, if the bears seize the opportunity, the bulls may need support at the $1.4 and $1.57 support zones.<\/span><\/p>\n

You may consider investing in a newly launched token called Meme Kombat, which offers robust play-to-earn (P2E) gaming and staking features and an attractive presale that promises significant returns.<\/span><\/p>\n

Meme Kombat (MK) Presale Selling Fast<\/span><\/h2>\n

Meme Kombat (MK)<\/span><\/a> recently launched its presale, which has reached $101,102.15 in funding just a week after its launch on September 21. <\/span><\/p>\n

This achievement signifies initial solid interest from investors in the native token of the Meme Kombat project, which operates on the Ethereum blockchain.<\/span><\/p>\n

MK sets itself apart from other meme coins by offering a blockchain network that combines the potential of memes and play-to-earn (P2E) gaming. <\/span><\/p>\n

The team believes building on the Ethereum blockchain creates a unique and engaging experience.<\/span><\/p>\n

\n

Memecoin @Meme_Kombat<\/a> $MK<\/a> token strikes a presale. <\/p>\n

Meme Kombat is a P2E game featuring battle arenas and popular internet memes. <\/p>\n

Read more ⤵️ https:\/\/t.co\/Eh4ViVxNPm<\/a><\/p>\n

— Crypto Gambling News 🎲 (@cryptogamblingx) September 25, 2023<\/a><\/p><\/blockquote>\n