Major gains across the broader crypto market have led to most altcoins making significant uptrends. ThorChain is among the best performing altcoins in the market, with the gains accumulated in the past 24 hours, creating new monthly highs for the coin. However, RUNE still needs to double its value for new all-time highs to be created.

RUNE is trading at $11.34 at the time of writing after a 4.9% gain in 24 hours.

ThorChain Price Analysis

The crypto market rebound has enabled RUNE to climb to new monthly highs. Despite dips every now and then, the coin has managed to create new highs, with most of them coming from support from the broader market.

RUNE is facing the next resistance at $12. The coin had managed to climb to this level in the past 24 hours, but it was rejected. Such an uptrend could happen because the broader market is still making gains. If $12 is achieved, the next resistance will be at $14, at which RUNE will set the next target at $15.

On the other hand, we could also see RUNE making a dip in prices, where the lower support level of 10 will be retested again. RUNE has surpassed his support in the past 24 hours. However, if it dips below this level, it could trigger selling pressure and lower levels of $9 could be retested.

ThorChain is a blockchain platform developed on Cosmos. The platform functions as a cross-chain decentralized exchange (DEX) that facilitates the exchange of crypto assets through swaps across blockchains. The recent rise in DeFi hacks affected ThorChain towards end July, but the platform showed great recovery, and the RUNE token also started making an uptrend.

Where to Buy ThorChain

If you want to buy RUNE during the current bull run, you can create a cryptocurrency exchange account on the following platforms:

• eToro

eToro is a leading and renowned exchange platform. It supports a wide range of cryptocurrencies and trading pairs. eToro also supports user-friendly features and low trading fees, which make trading on the platform easy.

• Gate.io

You can also buy RUNE from Gate.io. This is also another popular crypto exchange platform that supports user-friendly trading features. The exchange also supports a wide range of cryptocurrencies and trading pairs.

Looking to buy or trade Crypto now? Invest at eToro!

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Read more:

• How to sell cryptocurrencies
• How to buy Aave

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By: Ali Raza
Title: ThorChain Price Up 4.9% to $11.34 – Where to Buy RUNE
Sourced From: insidebitcoins.com/news/thorchain-price-up-4-9-to-11-34-where-to-buy-rune

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