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Self-custody wallet Edge integrates THORChain to streamline decentralized participation

By:
on Nov 29, 2023
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  • Edge has integrated native RUNE to smoothen participation in THORChain protocols.
  • The altcoin gained a bullish stance amid the hype, up nearly 15%.
  • RUNE can extend its surges towards the psychological $7.0.

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THORChain (RUNE) trades with an upside stance as the altcoin gains increased momentum. The decentralized liquidity platform’s native coin escaped its extended consolidation following bullish updates from self-custody wallet Edge.

Edge supporting THORChain’s blockchain represents a crucial step for enhancing the decentralized finance (DeFi) market. Meanwhile, the RUNE team has been dedicated in improving the blockchain and introducing new features. According to the Edge’s announcement,

“Now, it’s easier than ever to participate in the decentralized THORChain protocols from the convenience and security of your Edge app.”

Edge has integrated RUNE to streamline participation in THORChain protocols. The news triggered bullishness for the token. It jumped more than 14% in the past 24 hours to change hands at $6.07 at press time. Also, RUNE’s 24-hour trading volume followed the trend, up 9.30% over the last day.

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Surging trading volume and bullish prices generally welcomes upsurges as it indicates increased attention from market players and prospective buyers. Edge has made RUNE one of the top trending cryptos this week, offering lucrative opportunities for traders.

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The self-custody wallet onboarded RUNE to allow individuals to interact with decentralized THORChain proprieties seamlessly.

RUNE price forecast

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THORChain remains bullish, and investors can profit by capitalizing on Edge Wallet’s hype. The altcoin surged around 15% in the past 24 hours. Moreover, it seems ready for continued uptrends.

The Relative Strength Index, reading 65, highlights more room for uptrends before the alt becomes overbought. Also, the Awesome Oscillators (AO) indicate bull dominance as it stayed in the positive region.

Magnified buying momentum might push RUNE’s price to break past the triangle’s upper border. Extended uptrends will see the digital coin testing the resistance at $6.464, which rejected uptrends on 17 and 18 November.

Optimistic developments might help THORChain overcome the obstacle and push towards $6.679, beyond which $7.0 will come into view. That would translate to a 17% upswing from RUNE’s current price.

However, the 15% 24-hour returns could attract profit booking. That would welcome southbound price action, potentially dipping RUNE to $5.221. invalidating this footing would expose the token to bearishness, plummeting toward $4.879. That would invalidate the discussed bullish narrative.

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Crypto wallets THORChain Altcoins Blockchain Crypto Crypto business DeFi