- RUNE Token price action rises above the crucial resistance level in the weekly chart.
- The multiple bullish engulfing candlesticks in the daily chart indicate a strong bull run in action.
- The pair of RUNE/BTC is trading at 0.0000002055 BTC with an intraday move of +3.96%
RUNE Token price breaks above a double bottom pattern in the weekly chart with a huge bullish engulfing candlestick. Thus, resulting in a price jump of more than 120% in the past three weeks.
Pivot point analysis has shown that the resistance levels of the Token are at $18, following $21. However, if the price drops below $0.011, sellers could face resistance at $12 and $10.
RUNE Token trades for $15.96 and has experienced an 18.45% rise in market capitalization within 24 hours. In addition, the intraday trading volume increased by 200% over the last day.
Is It Too Late To Join The Bull Run of RUNE Token Price?
If the uptrend breaks above the $17 mark in the dark chart, we can observe a bull run above the $21 and above, provided the buying pressure sustains.
The RUNE token price shows a bullish trend as it is trading higher than all the important EMAs 20, 50, and 100. The price action also indicates an increase in buyers pushing the price higher.
As the daily slope falls, the RSI indicator predicts a rising underlying bullishness in Thorchain market price.
MACD indicators show the MACD and signal lines rise higher in the daily chart. MACD indicators indicate a buy signal.
Conclusion: RUNE Token Price action indicates a boom in the underlying buying power evident by the bullish candlesticks in the daily chart. Investors can therefore expect the token price soon to touch $21 if there is sustained buying pressure.
Resistance– $17 or $21
Support– $15 and $12