 Rune is up 11% in the last 24 hours, 75% in the last 7 days of trading and 278% in a month. With the recent surge in the native token, Rune, the Thor chain ecosystem is buzzing with enthusiasm. The uptick in Rune not only reflects a surge in interest, but also underscores a burgeoning confidence in the project. This positive momentum is intricately tied to the ecosystem's ongoing development. During the coin's performance over the past week, there are indications that this upward trajectory might persist. Thor chain has recently jumped to third place among decentralized exchanges, DEX, in terms of trade volume, and has quickly become a top native asset settlement protocol. As an alternative liquidity layer for centralized exchanges, CEXs, the network has additionally contributed to its expansion. Trading volume as of today, reached an impressive $1.44 billion, which solidifies Thor chain's position as a big player in the cryptocurrency world. DEFILAMA says that the protocol is now very close to industry leaders Uniswap and Pancake Swap, marking a significant milestone in its journey toward dominance. Since then, the price has been going up since the beginning. But on November 12th, a new barrier showed up and stopped Rune's push toward $5.30. The coin's momentum is full of twists and turns, which keeps investors interested as the market moves quickly. Rune is currently trading at $6. The fact that Thor chain's rise has been faster than expected and has surpassed curve finance shows how important it is becoming in the DeFi scene. The main creator of Thor chain, Chad Baraford, was surprised by how quickly things were moving forward. He did admit that things were moving much faster than expected, taking only two days instead of the two months that had been planned. This good news shows that the protocol is moving quickly and surprisingly in a good direction in the decentralized banking sector. Meanwhile, metrics show that Rune is strongly overbought. According to money control, the relative strength index, RSI, stands at 80, signifying the coin is currently in an overbought condition. This suggests caution among traders as sustained high RSI levels might indicate a potential correction soon. But if the investors sustain the momentum, the uptrend may continue. On the positive side, the moving average convergence divergence, MACD, is above the signal line at 47.26. This points to strong bullish momentum. This alignment of technical indicators implies a prevailing bullish trend, but warrants careful monitoring, especially considering the overbought RSI. So traders should stay vigilant and assess the market conditions, keeping an eye on both potential corrections and the support of SMA. This will help them to make informed decisions in this volatile crypto market.