THORChain Price Continues to Rise, Breaking Key Resistance Levels
The price of THORChain (RUNE) is currently trading at $2.812 with a bullish bias. Over the past day, the price has increased by 15%, and trading volume has risen by 110% in the last 24 hours. This upward price action indicates that THORChain is pushing through important barriers on higher timeframes.
If THORChain can successfully break past key resistance levels on higher timeframes, it would be a strong bullish signal for the cryptocurrency. Investors who want to go long on RUNE should keep an eye out for a successful break on the weekly timeframe.
THORChain Among Top Gainers
In addition to its price increase, THORChain is also one of the top gainers of the day, along with BitTorrent (BTT) and Solana (SOL).
Solana Breakpoint Meet-Up Boosts SOL Price
Solana’s price surge comes as the Solana Breakpoint meet-up takes place. The event features various crypto executives, project developers, artists, content creators, policymakers, and students looking to learn about Solana’s governance.
THORChain Price Forecast: $3 In Sight
The current bullish trend suggests that THORChain’s price could continue to rise in the coming days. It is possible that the price could surpass the psychological level of $3.000 and even reach the resistance level of $3.408, constituting a 20% increase from its current levels.
This optimistic outlook is supported by indicators such as the Relative Strength Index (RSI), which is still rising, and the Awesome Oscillator (AO), which remains in positive territory.
However, if profit-taking occurs, the price could be limited and potentially fall below the upper trendline of the wedge at around $2.492. Further declines could lead to testing support levels at $1.955 or $1.720. In a worst-case scenario, the price could drop below $1.500 and lose its support.
Meme Coin Alternative: Meme Kombat
While THORChain remains a popular choice for investors, there is a new player in the meme coin market called Meme Kombat (MK). This token is expected to launch soon and has the potential for significant growth.
Meme Kombat aims to challenge other popular meme coins like DOGE, SHIB, and FLOKI. The project has already gained attention within the crypto community and has seen strong presale sales.
Investors interested in buying MK tokens can visit the official website, where they are currently priced at $0.1667. The token can be purchased using Ethereum (ETH), Tether (USDT), or a bank card.
Once you own MK tokens, you can stake them to earn rewards with high Annual Percentage Yields (APY) of up to 112%. Meme Kombat is considered one of the top ICOs to buy in 2023 and is available on CoinMarketCap, PancakeSwap, and Uniswap.
Hot Take: Exciting Opportunities Ahead with THORChain and Meme Kombat
Both THORChain and Meme Kombat offer exciting opportunities for investors. THORChain’s price continues to rise, breaking key resistance levels and showing bullish momentum. Meanwhile, Meme Kombat presents itself as a promising alternative in the meme coin market with its upcoming launch and potential for significant growth.
Whether you choose to invest in THORChain or Meme Kombat, it’s important to stay informed and monitor the market for potential opportunities. Don’t miss out on the chance to be part of these exciting ventures and potentially reap the rewards they offer.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
