- RUNE coin price recovered from the lower support at FIB 0.382 of $5.73 and is now fighting the resistance at $7.92
- The trading price of the RUNE/BTC pair is 0.00021453 BTC, an increase of 4.8%
- The 24-hour trading volume is at $145.528 Million
The daily technical chart of RUNE coin price trend is fighting hard to break above the resistance of $7.92. According to Fibonacci Bollinger Bands (FBB), RUNE’s crucial support level is $5.73. On the other hand, if it goes up, the necessary resistance level is at $7.92. If the price sustains above, then the next zone will be at $11.48. Thus, while the intraday chart completes a bullish engulfing candlestick pattern, projecting prices may soon reverse to the upside with high reliability.
Supertrend (bearish) indicator issued a sell signal on May 19, indicating that the currency is downward. In addition, investors may notice that the price is below the red Supertrend signal, so it will guarantee the downtrend of RUNE until the price stays below the red Supertrend.
Volume of (6.67M) is beneath the MA of 20-days (9.93M). Buying pressure is moderate in RUNE, making its price remain towards the positive zone. Investors may also recognize descending volume bars in the chart, which indicates a big move is expected in upcoming trading sessions.
The Stochastic RSI (Overbought) with a value of K-92 D-86 presents a buy signal in the coin. Investors may observe an inclining slope and a positive crossover in the index. It may remain in positive territory for future trading sessions.
THORchain (RUNE) Coin a Sharp Recovery of 35%
The price of RUNE coin is $7.46, a gain of 6.3% in 24 hours and a weekly gain of 13.2%. In contrast, the market value is 2.028 billion US dollars. Technically, investors can notice that the price is fighting to break above resistance of $7.92. Therefore, the Stochastic RSI indicator indicates a buy signal. On the token, trading volume is average. In addition, price movements may break above the resistance of $7.92 in future trading hours.
Resistance level: $7.92, $11.48
Support level: $5.73