Coin Gabbar Token

<h2 id="header-0">The RUNE price movement shows the support trendline fallout rally reversing from the psychological $1.50 level to break the long-term downtrend.</h2>The 8.10% gain in the previous 24 hours indicates a significant chance of a bullish turnaround that could test the 50-day EMA.RUNE broke out from a resistance line after forming a double bottom, according to a detailed study of the movement. The double bottom is a bullish pattern, which means that it generally leads to upward movement, as it did here.However, a surge in buying pressure at the psychological level of $1.5 resulted in a 8% price increase, which was followed by bullish engulfing candles. Furthermore, the rebound rally breaks above the new resistance trendline, indicating a breakout entry chance.As a result, the strong momentum bullish reversal rally raises the prospect of prices breaching the 50-day EMA. The breakout surge has the potential to take the price to the psychological threshold of $2 at the 38.20% Fibonacci level.The RUNE/USD 4-hour chart is bullish since Thorchain has performed strongly over the previous 24 hours. The technical indicators indicate that RUNE is rising from its recent low and might surge higher if the bulls maintain their present strength.The RSI slope spikes in the overbought zone, crossing the 14-day SMA and approaching the halfway point. This implies a rise in underlying bullish sentiment, which gives support to the breakout entry concept. Furthermore, the increasing bullish gap between the MACD and signal lines following the recent bullish crossover indicates an increase in buying pressure.Rising EMAs (20, 50, 100) indicate that the RUNE currency is on the rise, which could increase bullish momentum. The bollinger band is also expanding, indicating that there will be a lot of movement ahead.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this RUNE is estimated to be $546,478,692. The 24-hour trading volume for the coin is around $47,609,272. RUNE market capitalization has risen by 7.97%. However, trade volume increased by 105.28% during intraday trading. The market capitalization to volume ratio is 0.08737.On the upside, an immediate resistance level is at $1.80. The next big barrier is located at the $2.00 level. A clear breakthrough over the $2.00 barrier level might start a fresh uptrend. In this scenario, the price could easily break the $2.30 barrier level. The next important level of resistance is at $2.60.If RUNE fails to break over the $1.80 barrier level, it may begin a new decline. On the downside, there is immediate support at $1.60. The next big support level is at $1.50. The key support is at $1.40, below which a significant drop is possible. In the aforementioned scenario, the price may fall towards the $1.20 support.KEY LEVELS :RESISTANCE LEVEL : $1.80-$2.00SUPPORT LEVEL : $1.60-$1.45RUNE passes the $1.5 psychological level and long-term resistance trendline after a three-month consolidation. Will the Bulls be able to hold this rally? What are your thoughts?

THORCHAIN PRICE ANALYSIS CMP-$1.65: A Bull Market Is On the Way, as cross the psychological level of $1.5

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