The price of THORChain RUNE1.16%-> has the potential to spike over the weekend as we prepare for the launch of the V3.14.0 version of THORChain. This update includes a number of fixes and performance improvements that could boost investor confidence. Such updates often drive short-term rallies as they strengthen network stability and improve user experience.
Read also: Dogecoin Could Soar 114% — But It All Depends on This Key Support Level
If the momentum continues to strengthen, RUNE has a chance to break the resistance level at $0.687. The Parabolic SAR indicator currently below the candlestick chart shows that the uptrend is still active, which could push the price to the $0.717 or even $0.765 range. However, sustained bullish sentiment will be crucial to continue this movement.
Conversely, if the upward momentum weakens, the price of RUNE could drop towards the support level at $0.644. A drop below this zone will weaken market confidence and invalidate the current bullish outlook, as well as open up opportunities for a deeper correction down to the $0.607 range.
#CPIWatch #WriteToEarnUpgrade #BinanceAlphaAlert #TrumpTariffs