Rune under the control of bulls as its rally gains serious momentum

THORChain's RUNE rallied by 22% in the last week, making it the asset with the biggest price uptick during that period. However, as accumulation pushes its way into the overbought territory, is the token at risk?

Timeline of Thorchain

Cross-chain decentralized exchange (DEX) THORChain is strengthening fundamentally with recently facilitated functionality driving adoption and usage. Furthermore, streaming swaps on THORSwap appear to be pushing RUNE prices higher as they defy the broader crypto market.

As the broader cryptocurrency market plunged over the past week, THORChain's RUNE stood out as an exception, surging ahead with a remarkable, bullish rally. Amid a sea of red, RUNE defied the downturn, demonstrating a striking resilience against the bearish wave that has engulfed the market.

While most cryptocurrencies in the market witnessed significant selling pressure over the last seven days, THORChain's RUNE walked a different path. Will RUNE be the one to escape the wrath of the bears?

A crypto trader is updating his outlook on one altcoin that is soaring this month as the broader digital assets market dips. Pseudonymous trader Altcoin Sherpa tells his 196,300 X followers that the decentralized cross-chain liquidity protocol THORChain (RUNE) has more room to run after a bounce off of a key Fibonacci retracement level.

Within the dynamic cryptocurrency environment, THORChain (RUNE) has emerged as a notable altcoin, capturing the interest of investors who are actively pursuing methods to augment the diversification of their investment portfolios. In conjunction with the established entities such as Bitcoin and Ethereum, the cryptocurrency market has experienced significant growth with a diverse range of alternative coins, each presenting unique attributes and prospective prospects.

The dynamic world of cryptocurrencies has once again witnessed a fascinating turn of events, this time with THORChain (RUNE) taking center stage. Over the past seven days, THORChain has experienced a substantial surge in its price, marking an impressive increase of 20.19%.

THORChain fundamentals and user traction are strengthening, according to a recent report. However, the same cannot be said for the network's native token RUNE which remains in the digital doldrums.

In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds.

Hackers that targeted crypto wallet Atomic Wallet in a $35 million heist earlier this month have used THORChain and Swft bridge to conceal their ill-gotten gain, according to blockchain sleuth MistTrack.

THORChain [RUNE], the decentralized liquidity protocol, announced that its network could be prone to vulnerabilities on 28 March. Tweeting with respect to the development, the pseudonymous developer and infrastructure specialist of the project Pluto9r, said that it received “credible reports” about the possibility.