Santiment: Unveils THORChain Exploit Insights
Santiment dives into THORChain/Arbitrum KelpDAO exploit, analyzing $RUNE and $ARB price reactions, social volume spikes, and key analyst takeaways for crypto traders.
SourceSantiment just dropped a deep dive into the chaotic THORChain/Arbitrum saga tied to the KelpDAO exploit, spotlighting surprising price swings in $RUNE and $ARB alongside surging social volume that caught traders off guard. The analytics firm promises eye-opening insights, including how these assets behaved over the past six months amid broader DeFi turbulence, with Bitcoin (BTC) dominance influencing cross-chain volatility and potential RUNE price prediction shifts in this crypto market crash-prone environment.
Zooming into the 4h chart for RUNE, price action screams bullish conviction at $0.49, hugging the upper Bollinger Band resistance near $0.51 while the MACD flashes a golden cross at 0.02, confirming upward momentum. Yet confluence builds caution—RSI at 73.68 screams overbought, aligning with the EMA50 support at $0.43 and EMA200 at $0.42 as probable retracement zones; expect a sharp pullback to these levels before resuming the grind higher, especially if Arbitrum social buzz fades and drags sentiment.
Santiment
@santimentfeedMarket intelligence platform with on-chain & social metrics for 3,500+ cryptocurrencies.