In recent days, THORChain's (RUNE) native cryptocurrency has enjoyed a surge in the market, entering 2021 at its highest price in the preceding 12 months. This has likely been caused by the release of the blockchain's third-quarter (Q3) 2023 report as well as the global market increase due to the Bitcoin spot exchange-traded fund. Additionally, Thorswap stable trading volumes have also been a factor, putting RUNE third highest in DEX activity, plus its operations bridging liquidity between centralized exchanges (CEXs). So far, prices have gained 212% since mid-October, 85.4% over the last 2 weeks, and has been consistently supported at its 20 day moving average. Money control indicators reflect a strong overbought condition, with a RSI of 80 and MACD at 47.26. Overall, it looks like THORChain is in a good upward trend for the coming months.



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