Why are cross chain liquidity tokens suddenly catching massive bids today? If you look at the tape for THORChain, the spot volume flowing into RUNE right now is incredibly aggressive. Traders are realizing that relying on centralized bridges is a massive vulnerability, and native decentralized swaps are the future of on chain trading. RUNE is pressing directly into a major resistance level, and the order books are stacked with buyers absorbing the sell pressure. If this momentum holds and we get a clean breakout, the volatility could be massive. Do not blindly chase the green candles, but definitely watch the lower timeframes for a clean setup. $RUNE
Not financial advice. Trade at your own risk. DYOR.
Not financial advice. Trade at your own risk. DYOR.