Next show icon
Monday
Sheldon Sniper5 days
Contributor
RUNE has been meandering downwards since mid-2021. It has a long-term support trendline and low volume. A move is due! Where is it headed?
image (12)

Chart of the Day: RUNE/USDT Weekly Chart

RUNE is the native token of the THORchain Ecosystem. Thorchain is a Decentralized Exchange (DEX) that aims to solve one of the biggest problems in Crypto today: trading across different blockchains.

Read More

Chart of the Day: RUNE/USDT Weekly Chart

RUNE is the native token of the THORchain Ecosystem. Thorchain is a Decentralized Exchange (DEX) that aims to solve one of the biggest problems in Crypto today: trading across different blockchains.  Built on the COSMOS ecosystem, Thorchain’s primary goal is to be decentralized and provide cross-chain liquidity.

The chart attached shows RUNE on a weekly chart, which shows that RUNE has been in a downward trend since the middle of 2021.

On the weekly chart, RUNE has been on a very long-term support trendline since the start of the project.  The weekly Stochastic RSI has also bottomed out, and there is very low volume, indicating that a move is due.

We can expect RUNE to bounce up to the upper trendline of around $12 before hitting resistance.

0
0
Share
Please login to reply