Thorchain (RUNE) presents a compelling short-to-midterm opportunity that’s hard to pass up. Despite reports suggesting that North Korean hackers have used it to launder stolen Ethereum, the technical indicators are extremely bullish.
Volume: One of the highest levels we've seen in a long time.
RSI: Oversold on the weekly chart, signaling a strong potential for a rebound.
Midterm Target: A 5x to 6x increase.
This looks like the best buying opportunity at the moment—unless I’m overlooking something fundamental. If I am, feel free to share your thoughts in the comments. Thanks!
Volume: One of the highest levels we've seen in a long time.
RSI: Oversold on the weekly chart, signaling a strong potential for a rebound.
Midterm Target: A 5x to 6x increase.
This looks like the best buying opportunity at the moment—unless I’m overlooking something fundamental. If I am, feel free to share your thoughts in the comments. Thanks!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.