- RUNE coin price is currently observing a downside momentum and can soon revert to a new high. It has observed a loss of more than 2% in the intraday session
- Technical indicators of Thorchain hints towards a strong momentum in price. In contrast, RUNE/BTC pair is down by more than 3% in the past 24 hours
Rune coin price is currently observing a downtrend but can soon see a new high in the future. ThorChain’s price has observed a loss of more than 2% in the past 24 hours and is currently trading near the value of $7.5. It has a very high ROI which has benefitted investors for a very long period of time. It has to cover more than 30% of its current value to cross its ATH. One can invest in RUNE as per their funds and risk-taking capacity.
Thorchain market dominance along with the market cap is losing its value and can soon see a new high. The volume of the coin also observes a new surge and can soon see a new high. The volume to market cap ratio of the asset suggests a strong bullish momentum in the price for the future. One can forecast strong growth in RUNE in the future
Bears Of RUNE Coin Price Might Push The Price To A Low
The weekly technical chart of the Thor chain hints towards a bullish momentum in price. One can see the same downside momentum in RUNE in the future. The hostile region of the Thor chain can be observed near $10. Meanwhile, the support of the asset can be observed near $6. There is a strong supply zone on the daily chart and can soon see a new high. If the coin price continues to travel in the same zone then a strong upside momentum can be seen. The asset price is currently trading below the 50 and 100MA. If the coin price continues to travel the same then a strong bearish trend can be seen.RUNE/BTC pair can also observe a new upside momentum in the future
Conclusion
Thorchain price is currently observing a bearish trend but can soon see a new high in the future RUNE/BTC pair can also observe a new high in the future.