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Rune

$RUNE - COSMOS Ecosystem Analysis SeriesI will post a series of longer timeframe technical analysis on Cosmos Ecosystem coins. Here is the fourth project in my long term buy list: Rune - ThorChain. I will be adding more RUNE on the dips to my buy zones shown on the chart. Not a lot of people know this but the RUNE token has been developed with the COSMOS SDK and it is an integral part of the Cosmos ecosystem, represents a significant advancement in the world of decentralized finance (DeFi) and cross-chain interoperability. Here are some key facts about the RUNE (ThorChain) project: Cross-Chain Liquidity Protocol: ThorChain is a decentralized liquidity protocol that allows users to seamlessly exchange assets across different blockchain networks without losing custody of their assets. This is a groundbreaking step towards true cross-chain interoperability in the DeFi space. Native Token - RUNE: RUNE is the native token of ThorChain and plays a critical role in the ecosystem. It is used for liquidity, governance, security, and rewards within the ThorChain network. Decentralized and Permissionless: ThorChain operates as a completely decentralized and permissionless network, enabling users worldwide to participate without the need for intermediaries. This aligns with the ethos of blockchain technology, promoting a trustless and open financial system. Innovative Security Model: ThorChain utilizes a unique security model called "Continuous Liquidity Pools" (CLPs), which incentivize users to supply liquidity and thereby ensure the security and stability of the network. Yield Farming and Staking Opportunities: RUNE token holders can engage in yield farming and staking, providing them with opportunities to earn rewards while contributing to the network's liquidity and security. Resilient Against Centralization: ThorChain's design inherently resists centralization, promoting a more equitable and decentralized network structure, which is less prone to manipulation or control by any single entity. Enables Direct Asset Swaps: Unlike many DeFi platforms that require intermediary tokens for swaps, ThorChain enables direct trading between different assets, simplifying the user experience and reducing transaction costs. Community-Driven Development: ThorChain follows a community-driven approach to development and governance, allowing token holders and participants to have a say in the future direction of the project. Focus on Transparency and Trust: The project emphasizes transparency and trust, with open-source code and clear communication channels, fostering a strong and engaged community. Continuous Growth and Expansion: ThorChain is continually evolving, with plans to integrate more blockchains and expand its feature set, demonstrating a commitment to growing and enhancing the DeFi ecosystem. ThorChain's RUNE project stands as a testament to the possibilities of cross-chain liquidity and decentralized finance, showing how innovative blockchain technology can break down barriers and create a more interconnected and efficient financial system.
by CryptoBreakers
🚨THORChain(RUNE) Can Drop more than ➖50%🚨🧐Today, I decided to analyze the THORChain(RUNE) project for you. The THORChain(RUNE) has grown more than ➕100% in the last month, but the question is whether the tour will continue to grow or not . 📚What Is THORChain (RUNE)❗️❓ THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process. 🏃‍♂️The THORChain (RUNE) is currently moving near important Resistance lines and the 🔴 Resistance zone($7.20_$5.80) 🔴. 💡 We can see Regular Divergence(RD-) between two Consecutive Peaks . 💡We can see Hidden Divergence (HD-) between two Main Consecutive Peaks . 🌊According to the theory of Elliott waves , if the THORChain (RUNE) breaks the resistance lines, we can validly consider the recent movement as the beginning of a main impulsive movement, and if the THORChain (RUNE) falls and loses the 🟢 Support zone($3.56_$3.00) 🟢, this upward rally should also be a corrective wave. 🔔I expect that the THORChain (RUNE) needs to be corrected to break the resistance lines and 🔴 Resistance zone($7.20_$5.80) 🔴, this correction could cause the THORChain (RUNE) to lose ➖50% of its value. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. THORChain Analyze (RUNEUSDT), Weekly time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
RUNEUSDT.4HBased on the provided market data for the RUNE/USDT pair, we can observe the following: In the short term (4-hour timeframe), the Relative Strength Index (RSI) is at 41.18, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -0.079, suggesting a bearish trend. The Bollinger Bands (BB) midpoint is at 5.75, and the current price is below this, indicating that the pair is on a downtrend. The immediate supports are at 5.200, 4.797, and 4.533, while the resistances are at 5.752, 6.545, and 6.682. In the medium term (1-day timeframe), the RSI is slightly higher at 44.06, and the MACD is at -0.068, both suggesting a bearish trend. The BB midpoint is at 6.056, and the current price is below this, reinforcing the downtrend. The immediate supports are at 5.108, 4.600, and 4.200, while the resistances are at 6.525, 7.350, and 8.700. In the long term (7-day timeframe), the RSI is significantly higher at 74.41, indicating an overbought market and a potential reversal. The MACD is positive at 1.255, suggesting a bullish trend. However, the BB midpoint is at 7.459, considerably above the current price, suggesting an overall downtrend. The immediate supports are at 3.517, 2.243, and 1.433, while the resistances are at 6.685, 7.0, and the third one is not defined. In conclusion, the market data suggests an overall bearish trend for the RUNE/USDT pair in the short to medium term, with potential for a reversal in the long term as indicated by the overbought RSI. However, it's important to take into account other market factors and news that might affect the price. Also, it's advisable to use other technical indicators for a more comprehensive analysis and to confirm these signals. This is just an analysis and not financial advice. Always do your own research before making any trading decisions.
by MarsSignals
RUNE channelization analysisThis is an analysis based on channelization. Remember that most of the time everything is reflected in the chart and you should look for signs. We have had a diagonal channel that the price has faked out twice, which shows selling pressure. We have also had a dynamic support that has been broken and the price has not been able to recover it. Now all buyers will become sellers and RUNE will experience a lot of selling pressure. The bottom channel is the adjacent channel. I specified the targets.
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by behdark
RUNE USDT: SOLD ALL OF MY RUNE... I sold my first 50% on my previous chart that I failed to gauge the right top. Now, here I am again thinking that this will be the top. Relatively it is. More on sentiment reasons. I will not explain further, since the explanation are very much the same with the previous chart I did. Here it will be just a bit more detailed and applied with sentiment. SOLD 6.9 I just find it funny, and related to the fibs. Tried to drag it further while still respecting the levels. Thank you. PS: I added Trend line. I will short accordingly.
Short
by osodatsismoso