- RUNE coin price is currently seeing a downside momentum which can push it to a new low. It is down by more than 8% in the intraday session.
- Technical indicators of Thorchain suggest a strong downside momentum in the price for the future. In contrast, RUNE/BTC pair is down by more than 6%.
Rune coin price is currently seeing a strong downside momentum on the daily chart and can soon hit a new low. Thor Chain’s price is currently trading near the value of $8.28 and is trading with a loss of more than 5.72%. It has a very high ROI which has benefitted various investors for a long time. It is currently down by more than 25% from its all-time high but can soon revert to the uptrend. One can invest in RUNE as per their needs and risk adversity.
Thorchain market dominance along with the market cap is seeing a decline but can soon revert to the uptrend. The volume of the coin is also seeing a surge and can soon reach a new high in the future. Volume to market cap ratio of the coin also suggests a strong downside momentum. One can forecast strong growth in RUNE price in the upcoming days.
Bears Of RUNE Price Might Push It To A New Low In Future
The weekly technical chart of the Thor chain suggests a strong downside momentum in the future. One can observe the same bearish momentum in the daily chart. Resistance of RUNE while going upwards can be seen near the value of $12. Meanwhile, the support of the coin can be found at around $6. There is a strong downside parallel channel formation in the chart. If the coin price continues to travel in the same trend then a strong downside momentum can soon be seen in the future. The asset price is currently trading below 50 and above the 100MA. If the coin price drops down below the 100MA then a strong downside momentum can be seen.RUNE/BTC pair can also see a strong downside momentum in the future.
Conclusion
Thorchain price is currently seeing a downside momentum on the daily chart. RUNE/BTC pair can also see a downside momentum in the future.