RUNE - Next to Pump?Chart is in our liking, over the biggest resistance and far away from all time highs..Looks good!
Thorchain is a project we have covered before, not one of ur top-picks but definitely in our radar and occasionally in our portfolio.
Could this be Rune'S WEEKEND TO SHINE? Possibly!
News:
How To Participate In The Rune & CoinMarketCap Airdrop
NFTs and other digital items worth $75,000 will be won by 1,000 lucky participants.
Another Airdrop Beckons
The fantasy role-playing game, Rune, has launched a must-see airdrop campaign. Crypto tools website, CoinMarketCap will host the airdrop.
In an August 25 tweet, Rune announced the campaign and disclosed what participants would be winning:
"$70,000 in NFTs and Item Drops, 1,000 Winners!" the platform tweeted.
According to the tweet, the airdrop campaign will last from Aug 25 till Sept 8, 17:00 UTC.
One Love,
the FXPROFESSOR
Thorchain
Rune , nice R/R tradehello my friends , do not forget to push like for more updates , i introduced Rune at 3-4 $ , i see bright future for rune and i have a big bag of it . layer 1 of layer 1 s , price is in support right now , if it can fix in and above support it will go to orange tps , invalidation will be close below support
RUNE/BTC { THORCHAIN } - BULLISH SETUPANALYSIS 🔎
- RUNE/BTC is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the inverse head and shoulders neckline resistance (@0.00022119).
- Limit entry: Retest of the right shoulder's horizontal support level .
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal suppor level (@0.00014537).
RUNE last line of supportOn HTF, another catastrophy could lead to RUNE if the line of support(red line) broken, following 8M hacked.
A lot of volume trading here.
Rune already down 85%. Long-Term-Hodler start DCA anytime from here.
''THORChain(RUNE) is a highly-optimized multi-chain with an efficient consensus algorithm called Yggdrasil protocol. It is based on practical Byzantine Fault Tolerance (pBFT).
Overall, RUNE is providing unique solutions to current critical blockchain and cryptocurrency exchanges issues of low liquidity, interoperability, and safety. With Yggdrasil Protocol, RUNE can overcome scalability with vertical sharding which has a throughput of 100k transactions per second with less 10k nodes and 1 million transactions per second with less than 80k nodes.''
In simple word, RUNE make it possible to swap between native assets across different blockchains.
Yet, hacking issues giving RUNE devs a room of improvement to become more secure.
Fundamentally, this coin is the best tokenomic in the world so far.
Thorchain (RUNE) • What are possible bull & bear targets?There is a lot of pain out there from RUNE holders since this was one of the most hyped coins out there.
Let's take a look into possible target ranges from here and a comparison vs other DeFi Tokens.
RUNE / Thorchain dies on thor'sdayfound this was just far too coincidental, wouldn't you?
Well, famous J.P. Morgan says these lines, “Millionaires don’t use astrology, billionaires do,”
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RUNE 12h Project Overview and Long-Term Purchase LevelsTHORChain (RUNE) is a decentralized liquidity protocol or, more simply, Defi exchange.
Quite a young project since 2019, but the launch of the main network took place in early 2021.
The cost of the RUNE token should be based on the price of $0.90-1 , exactly this price was before the launch of the main network. And then the RUNEUSDT trading pair grew rapidly to $21
The May correction in the crypto market also affected the value of RUNE, falling by 80% . A lot, but all cryptocurrencies have gone through this. Another question is that not all crypto projects survived after this.
The picture on the RUNEUSDT chart looks pretty positive.
During the entire fall, increased volumes were observed, there are investors who are ready to buy at a lower price.
Given these facts, it is hard to believe that the RUNEUSD price will drop below $4 in the near future, we more believe in a rebound to $8.5
The planned for Q3 2021 mainnet update (DEX cross-chain / ASGARDEX wallet) also adds a positive impact.
However, it is worth keeping in mind an alternative scenario , if the entire crypto market goes significantly lower, then the RUNEUSD price will not hold either. Below $4 per RUNE will open the way for a fall to $1.60.
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🆓THORChain (RUNE) June-24 #RUNE $RUNERUNE is having a strong recovery and is heading towards the $9 and $12 zones.
📈BUY
🔴Buy : 5.85-6.15$ if A
🔴Buy : 4.85-5.15$. SL if B
📉SELL
🔴Sell : 8.8-9.2$. SL if B
🔴Sell : 11.7-12.3$. SL if B
♻️BACK-UP
🔵Sell : 4.85-5.15$ if B. SL if A
🔵Buy : 3.4-3.6$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone