THORChain (RUNE) Ready For 20% Climb Before Next Correction

THORChain (RUNE) Ready For 20% Climb Before Next Correction

Cross-chain exchange THORChain (RUNE) price registers a gain of 8.12% seen in the past two days. Amazingly, RUNE price maintains its bullish streak as it sprints above the rising parallel channel pattern.  More so, a reversal seen at the support trendline may also ignite a bull run as it hammers through the resistance trendline.

On the other hand, referring to the technical analysis, this particular pattern may trigger a price correction following a breach from the bottom trendline. EMAs are seen at $2.5 showing strong resistance on the downside. Thorchain’s 24-hour trading volume registered a loss of 44.6% or $291.6 million.

THORChain To Breach Resistance Trendline

Trending: BREAKING: Russian MIL Declares Ukraine The Origin of COVID-19!

The RUNE/USDT pair is seen to recover on June 18 when it was able to rebound from its low

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend