Cross-chain exchange THORChain (RUNE) price registers a gain of 8.12% seen in the past two days. Amazingly, RUNE price maintains its bullish streak as it sprints above the rising parallel channel pattern. More so, a reversal seen at the support trendline may also ignite a bull run as it hammers through the resistance trendline.
On the other hand, referring to the technical analysis, this particular pattern may trigger a price correction following a breach from the bottom trendline. EMAs are seen at $2.5 showing strong resistance on the downside. Thorchain’s 24-hour trading volume registered a loss of 44.6% or $291.6 million.
THORChain To Breach Resistance Trendline
The RUNE/USDT pair is seen to recover on June 18 when it was able to rebound from its low