#Rune RUNE coin, also known as THORChain, is currently trading at $0.58, with a 1.75% increase in the last 24 hours. The market cap is $1.63 billion, and the circulating supply is 351.06 million RUNE tokens. THORChain is a decentralized exchange (DEX) that enables users to swap cryptocurrency assets across various networks, including Bitcoin and Ethereum, without relinquishing full custody of their assets.¹ ²
*Key Highlights:*
- *Price Movement:* RUNE is consolidating around $0.58, with resistance at $0.61 and support at $0.57
- *Market Sentiment:* Bullish, with potential for breakout if institutional adoption continues
- *Trading Volume:* $29.6 million in the last 24 hours
Recent developments include THORChain's strong Q3 2024 performance, with a 29.3% QoQ increase in RUNE's price. Analysts warn of conflicting momentum and oscillators, creating uncertainty.³
Would you like to know more about RUNE's technical indicators or its potential use cases? What are your thoughts on RUNE's future price movements?
$RUNE