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Rune

Would you believe patience is a ViRtUrE... *** Would you believe patience is a ViRtUrE... If yOu KnOw then YoU KnOw *** RUNE Info THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading. The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains. The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools. BINANCE:RUNEUSDT
by EndlessCode
RUNE/USDT bullish reversal from support?👀🚀RUNE Today analysis💎Paradisers, take note as #RUNEUSDT demonstrates a significant uptick in momentum from its support level, positioning it for a potential breach of the $11.508 resistance barrier if the current trend persists. 💎 Historically, #RUNE has experienced a bearish pattern, with a tendency to form lower highs and lows. However, a recent uplift from the $7.264 support level is generating optimism for a bullish reversal, particularly as it continues to leverage this support to possibly navigate beyond the mentioned resistance. 💎 In the event that #RUNE faces challenges in sustaining its drive at the $7.264 support, we are on the lookout for a bullish resurgence from an alternative support level at $6.433. Should it fall beneath this critical juncture, a further decline could be in the cards. It's essential we remain vigilant and ready to adjust our trading approaches in response to the market's movement.
Long
by MyCryptoParadise_Simon
3
THORChain RUNE Price wondering where to turn nextThe RUNEUSDT price does not behave like most altcoins or even BTC. So, we can assume that MM is leading it "where it needs to go." The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market. We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25 - If it is fixed higher, then we take the blue scenario as a reference point. - If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic. Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40 If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
⚡ RUNE Trade Setup ⚡📊 Analysis: Market Observation: RUNE is experiencing resistance that may convert into support, presenting a potential buying opportunity. Current Situation: The buy zone spans from $6 to $7.4, with a secondary buy zone from $3.2 to $4.2 for further accumulation if prices drop. Strategy: Utilize dollar-cost averaging (DCA) within the specified buy zones, with additional dry powder reserved for potential lower levels, such as $4, in case of a significant sell-off. Entry Points: Initiate buys within the $6 to $7.4 range and consider additional purchases within the $3.2 to $4.2 range. Take Profit: Target profit-taking at the next areas of resistance, aiming for $13 and $20. Stop Losses: Implement a soft stop at a daily close below $5 to manage risk, with a hard stop set at a daily close below $3 to mitigate losses. 🌐 Note: Stay vigilant for confirmation of support conversion and potential upward momentum before entering positions. Adjust the strategy based on market dynamics and consider factors such as trading volume and overall market sentiment.
Long
by Richtv_official
RUNEUSD New MACD Cross can send it to $40. Cycle Top even $800!THORChain / RUNEUSD is about to form a Bullish Cross on the 1W MACD. The previous Bullish Cross saw the price grow by +911.54%. Another such rebound targets $40.00, that should be your medium term target. Long term, if the price goes for a full repeat of the 2019-2021 run, we may even see $800 as the Cycle Top but don't keep the majority of your coins until then. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:RUNEUSDLong
by TheCryptagon
RUNEUSDT.1DBased on the given market data, the currency RUNE is currently priced at 5.409 USDT. In terms of technical indicators, the RSI (Relative Strength Index) at different time frames (4h, 1d, 7d) are 64.93, 60.24, and 68.94 respectively. These values suggest that the currency is neither overbought nor oversold. The MACD (Moving Average Convergence Divergence) for 4h, 1d, and 7d are 0.040, 0.160, and 0.752 respectively, which indicates a bullish trend. This is further supported by the Bollinger Bands (Bb) data, with the current price being below the upper band for all time frames, suggesting potential for price growth. Looking at the support and resistance levels, the immediate support level in the 4h timeframe is at 5.224, and if it breaks this level, the next supports are at 4.947 and 4.408. On the other hand, the immediate resistance level is at 5.632, and if it breaks this level, the next resistances are at 5.980 and 6.113. These levels for the 1d and 7d timeframes are relatively higher, indicating a bullish market sentiment. Considering the above analysis, it seems that there is a positive trend for RUNE in the short term. However, as with any investment, it is recommended to consider other factors such as news, market sentiment, and risk tolerance before making a decision.
Long
by MarsSignals
RUNE/USDT On the Cusp of a Bullish Break from Demand Zone? 👀💎 Paradisers, get set for a lucrative trading moment with #RUNEUSDT, as signs point towards a bullish continuation from a key demand level. 💎 Exploring #thorchain current path, it's encountering resistance at the $6.094 supply level. We're positioned for a bullish turnaround from the demand level of $5.503. Should the price maintain its drive, a strong bullish trajectory is anticipated, setting the stage for another assault on the formidable supply zone. 💎 If the drive behind #RUNE starts to wane, anticipate a bullish resurgence from the established demand at $5.034. The significant liquidity at this level boosts the chances of a bullish push. Yet, a descent below this critical point may signal a shift towards bearish territory.
Long
by MyCryptoParadise_Simon
RUNE/USDT Keep an eye on the key area. Descending channel!!💎RUNE has recently displayed noteworthy market dynamics, forming a descending channel pattern. 💎 Last week, it encountered resistance within this pattern and faced rejection. Currently, it's retracing back to the demand area in an attempt to gather new momentum and potentially break out of the pattern. 💎 However, if RUNE fails to find support upon reaching the demand area, the price could continue its downward trajectory towards the Bullish OB area. Conversely, a bounce from the Bullish OB area could lead to a significant upward movement, potentially resulting in a breakout of the pattern and a return to a bullish trend. 💎 Yet, if RUNE struggles to bounce even at the Bullish OB area or breaks down from it, this could signify a bearish momentum, indicating further downside potential for the price.
by MyCryptoParadise_Nathan
1
RUNEUSDT UPDATE The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors. 2. Technical Analysis: General Trend: Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction. Potential Buying Zones: Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones. Technical Indicators: Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals. 3. Fundamental Analysis: News and Events: Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact. Project Fundamentals: Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects. 4. Risk Management: Stop Loss and Take Profit: Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets. Risk/Reward Ratio: Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved. 5. Conclusion: In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
Long
by CRYPTO_SETUP
1
RUNE/USDT Analysis1. Overview: The RUNE/USDT trading pair represents the exchange between THORChain (RUNE) and the US Dollar (USDT). Currently, there seems to be a potential buying opportunity based on technical analysis and possibly other factors. 2. Technical Analysis: General Trend: Identify short, medium, and long-term trends. Use indicators such as moving averages, Relative Strength Index (RSI), and Bollinger Bands to assess the overall market direction. Potential Buying Zones: Identify key support levels where the price has historically bounced. Use tools like Fibonacci retracements to determine potential buying zones. Technical Indicators: Examine indicators such as Moving Average Convergence Divergence (MACD) for detecting trend reversal or continuation signals. 3. Fundamental Analysis: News and Events: Examine recent news and events related to THORChain that could influence the price. Announcements of partnerships, development updates, and industry events can have a significant impact. Project Fundamentals: Evaluate the fundamentals of the THORChain project, including its value proposition, development team, adoption, and long-term prospects. 4. Risk Management: Stop Loss and Take Profit: Set stop-loss levels to limit losses in case of unfavorable movements. Also, identify take-profit levels based on resistances or predefined targets. Risk/Reward Ratio: Ensure that the risk/reward ratio is favorable before entering a position. This means that the potential for gain should outweigh the risk involved. 5. Conclusion: In conclusion, based on technical and fundamental analysis, there appears to be an interesting buying opportunity on the RUNE/USDT pair. However, it is imperative to closely monitor market movements, implement appropriate risk management, and adjust the strategy based on market developments.
Long
by CRYPTO_SETUP
3
RUNE/USDT Downward go to key level or break out the pattern ??💎 RUNE has recently experienced significant developments in the market. There is a possibility that RUNE may continue its downward trajectory and test the Bullish OB area around 3.28, with the potential for a significant bounce after reaching this area. 💎 However, if RUNE manages to break out of the descending channel pattern without hitting the Bullish OB, it could lead to an upward movement, and there is a chance it will probability attempt to break through the Bearish OB area towards our target. 💎 On the other hand, if RUNE fails to show a positive response while at the Bullish OB area and instead consolidates with weak volume, this could be a concerning sign. It may indicate a breakdown of the area, potentially leading to a continued downward movement towards the support area. 💎 The support area is critical, and a bounce from this level is necessary to maintain the potential for an upward movement. If this bounce doesn't occur, the price could continue its bearish trend and move lower.
by MyCryptoParadise