THORChain (RUNE) price is among the greatest gainers in the rally beginning October 18, recording a sustained uptrend past key barricades to reclaim the February 2022 highs above $5.221.
Chain price is up 280% on Binance exchange since the market caught fire on October 18. With
120% surge could be exhausted as is massively overbought. Longs should neither close their positions nor open new ones. Also, the Awesome Oscillator and the Moving Average Convergence Divergence indicators are both in the positive territory with green histogram bars, showing the bulls are leading the
Chain on-chain metrics to support bullish outlook From an on-chain standpoint, the volume of are also increasing. The latter metric shows the unique or new addresses involved in the transactions, thus the daily level of crowd interaction is fundamentally in favor of Chain price’s bullish outlook, the volume of active stablecoin deposit is increasing, corroborated by a steady rise in Tether market capitalization. This points to fresh capital inflow as more investors look to buy