- RUNE coin price is currently observing a bearish trend on the daily chart and can soon see a new high.It has seen a loss of more than 6% in the intraday session
- Technical indicators of Thorchain suggest a downside momentum in the daily chart. In contrast, RUNE/BTC pair has seen a loss of more than 4% in the past 24 hours.
Rune coin price is observing a bearish momentum in the daily chart and can soon see new support in the future. Thor Chain’s price is currently trading near the value of $13 and is currently seeing a loss of more than 6%. It has a very high ROI which has made retail and institutional investors very profitable. It has to cover more than 50% of its current level to reach a new high. One can invest in RUNE as per their needs and risk capacity
Thorchain market dominance along with the market cap can also see a strong upside momentum in the future. The volume of the coin can also see a strong surge in the upcoming days. The volume to market cap ratio of the RUNE suggests a strong upside momentum in the future. One can forecast a strong upside momentum in the future.
RUNE Coin Price Bears Might Push It To Lower Levels
The weekly technical chart of the Thor chain highlights a strong upside momentum in the future. It can soon revert back to the upside momentum in the future. The hostile region of RUNE while moving upwards can be seen near $18. Meanwhile, the support region of the asset can be seen near $8. There is a strong parallel channel in the daily chart. If the coin price jumps 15 to 20% above the current price then a strong upside momentum can be seen. The asset price can soon observe a new high in the future. If the asset price jumps above $16 then a strong upside momentum can be seen.RUNE/BTC pair can also observe a new high in the future.
Conclusion
Thorchain price is currently observing a strong upside momentum and can soon see a new high. RUNE/BTC pair can also see a new high in the future.
Technical Indicators
Major Resistance: $18
Major Support:$10