okx

"RUNE Price Eyes $10: Is It Time to Buy?"

时间:2024-01-03|浏览:208

Following a bearish end to the last week, the RUNE price is starting a fresh recovery phase from a crucial demand zone. Leading to a potentially bullish pattern breakout, the uptrend in Thorchain’s native token price teases a take on the psychological mark of $10.

With the intraday growth teasing a trend continuation for the rising Thorchain market value, the breakout signals an entry point for interested players. Moreover, as per our RUNE price prediction, 2024 is expected to be a bullish year for Thorchain in the long term.

RUNEPRICEEYES10WITHTHISBREAKOUTSHOULDYOUBEBUYINGRUNE’s price completes a successful retest and a bounce back from the pivotal demand zone at $4.96. With the support of the rising 50-day Exponential Moving Average (EMA) and the 38.2% Fibonacci retracement level, the prevailing uptrend resumes the path to recovery.

Furthermore, this week’s fresh recovery marks a 14.55% jump and forms three consecutive bullish candles, a positive technical omen. In addition, the uptrend teases a bullish break of the double bottom pattern with a neckline at $6.

Currently, the RUNE coin price trades at $5.91 with an intraday gain of 3.33%, projecting a strong rise in the underlying demand. Supporting this thesis, the rise in the intraday trading volume improves the uptrend possibility.

Technical indicators:

MACD indicator: The bullish crossover in the MACD and signal lines marks a trend continuation for Thorchain following the short pullback.

EMA: The ongoing positive trend grows more vital for the 50D and 200D EMA, reflecting a solid underlying demand for RUNE.

Will RUNE Price Reach $10 With A Breakout?

If the price of RUNE can hold above the 23.60% Fibonacci level at $5.75, it could lead to a bullish break of the double bottom. In case the uptrend leads above $6, the Fibonacci levels tease a new swing high formation near the psychological mark of $10.

However, if it breaks below $5.75, it could retest $4.96. The $4.96 support level is significant because it is the previous rally’s 50% Fibonacci retracement level from $3.5 to $5.5.

热点: BUY IS IT

« 上一条| 下一条 »
区块链交流群
数藏交流群

合作伙伴

数字财经 皮卡丘资讯 佩佩蛙官网 培训资讯网 非小号行情 妈妈知道 百悦米 茶百科 金色币圈 旅游资讯网 聚币网 兼职信息网 币爸爸 减肥瘦身吧 代特币圈 币圈论坛 秒懂域名 趣开心资讯 趣玩币 數字黃金 免费电影 今日黄金 二手域名 借春秋财经 宝宝起名 起名取名网 元宇宙Web 装修装饰网 玩票票财经 借春秋 谷歌留痕 周公解梦 谈股票 宠物丫 币圈ICO官网 去玩呗SPA 黄金行情 玩合约 百科书库 爱网站 美白没斑啦 天天财富 币圈官网 币圈交流群
在区块链世界中,智能合约不仅是代码的信任,更是商业的革命。通过了解其在供应链、版权保护等领域的应用,您将真正体验到智能合约的无限可能性
区块链世界GxPiKaQiu.com ©2020-2024版权所有 桂ICP备16002597号-2