THORChain's native token, RUNE, has bucked the global crypto market's downward trend with a remarkable 13% surge to $6.11 in just 24 hours. This impressive rally has positioned RUNE among the top gainers, with a potential target of $6.50 if the momentum continues. Despite a brief setback earlier, RUNE's bulls have regained control, driving the price up 21% over the past week.

RUNE's recent stability, trading between $4.95 and $5.54, was disrupted by heightened market volatility, but it has since found its footing. With a market capitalization of $1.98 billion and a daily trading volume of $593 million, up 74%, THORChain is making waves. If the rally continues, RUNE may breach the $6.50 resistance, potentially leading to further gains of $6.81 and even $7.34. However, a reversal could see RUNE losing steam and falling towards its crucial support level of $4.24.

The THORChain price chart shows a clear uptrend, with a potential breakthrough above $6.55 paving the way for further success. With its liquidity protocol and native token RUNE, THORChain is making a strong case for itself in the altcoin market. Will RUNE hit $10? Only time will tell, but for now, its bullish rally is a welcome respite from the market's downturn.