Resistance

THORChain

Change

Status

Time

<ul> 
 <li><strong>Bullish RUNE price prediction for 2024 is $6.672 to </strong><strong>$13.013</strong><strong>.</strong></li> 
 <li><strong>THORChain (RUNE)</strong><strong> price might reach $15 soon.</strong></li> 
 <li><strong>Bearish RUNE price prediction for 2024 is </strong><strong>$1.471</strong><strong>.</strong></li> 
</ul> 
<p>In this THORChain (RUNE) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2024, 2025-2030,&nbsp; we will analyze the price patterns of RUNE by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>THORChain (RUNE) Current Market Status</li>
      <li>What is THORChain (RUNE)?</li>
      <li>THORChain (RUNE) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      THORCHAIN (RUNE) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>THORChain (RUNE) Support and Resistance Levels</li>
      <li>THORChain (RUNE) Price Prediction 2024 — RVOL, MA, and RSI</li>
      <li>THORChain (RUNE) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of RUNE with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>THORCHAIN (RUNE) PRICE PREDICTION 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-thorchain-rune-current-market-status">THORChain (RUNE) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$5.68</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">5.25% Down</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$329,081,497</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$1,901,578,958</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">334,882,831 RUNE</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$21.26 (On May 19, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.007939 (On Sep 27, 2019 ) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   RUNE Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/THORCHAIN/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-thorchain-rune">What is THORChain (RUNE)</h2> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>RUNE</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>THORChain</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>Decentralized Exchange</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>2019</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, security, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>THORChain (RUNE) is the <a href="https://thenewscrypto.com/tag/thorchain/" target="_blank" rel="noreferrer noopener">native utility token</a> of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol. The project was born out of a hackathon that commenced in 2018. Its native token, RUNE was initially launched as a BEP-2 token and later transitioned to an ERC-20 token in 2019.</p> 
<p>THORChain is built on <a href="https://thenewscrypto.com/tag/cosmos/" target="_blank" rel="noreferrer noopener">Cosmos</a> SDK and Tendermint protocol and uses a proof-of-stake (PoS) consensus mechanism. It also includes its native decentralized exchange (DEX) that enables users to swap tokens across different blockchains. THORChain DEX aids the inclusion of automated market makers (AMMs).</p> 
<p>Further, THORChain (RUNE) is used in staking, trading, security, and governance and is provided as a reward to users.</p> 
<h2 class="wp-block-heading" id="h-thorchain-24h-technicals"><br>THORChain 24H Technicals</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="377" src="https://thenewscrypto.com/wp-content/uploads/2024/05/image-62-1024x377.png" alt="" class="wp-image-98224" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/image-62-1024x377.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-62-300x110.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-62-768x283.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-62-1536x565.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-62.png 1772w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center">&nbsp;<em>(Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<h2 class="wp-block-heading" id="thorchain-rune-price-prediction-2024">THORChain (RUNE) Price Prediction 2024</h2> 
<p>THORChain (RUNE) ranks 52nd on CoinMarketCap in terms of its market capitalization. The overview of the THORChain price prediction for 2024 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/E09yy2WM/ " alt="">
 </figure>
</div> 
<p><em>RUNE/USDT Horizontal Channel Pattern (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>In the above chart, THORChain (RUNE) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.</p> 
<p>At the time of analysis, the price of THORChain (RUNE) was recorded at $5.68. If the pattern trend continues, then the price of RUNE might reach the resistance levels of $5.925, and $10.889. If the trend reverses, then the price of RUNE may fall to the support of $5.115.</p> 
<h2 class="wp-block-heading" id="thorchain-rune-resistance-and-support-levels">THORChain (RUNE) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of THORChain (RUNE) in 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/D1K8dZwz/ " alt="">
 </figure>
</div> 
<p><em>RUNE/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can analyze and identify the following as the resistance and support levels of THORChain (RUNE) for 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$6.734</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$11.580</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$3.749</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$2.258</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p class="has-text-align-center"><em>RUNE Resistance &amp; Support Levels</em></p> 
<h2 class="wp-block-heading" id="thorchain-rune-price-prediction-2024-rvol-ma-and-rsi">THORChain (RUNE) Price Prediction 2024 — RVOL, MA, and RSI</h2> 
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of THORChain (RUNE) are shown in the chart below.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/UvABA3AE/ " alt="">
 </figure>
</div> 
<p><em>RUNE/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the current THORChain (RUNE) market in 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average&nbsp;(50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $6.623Price = $5.805<br><em>(50MA &gt; Price)</em></td>
    <td>Bearish/Downtrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index&nbsp;(RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>54.291<br><em>&lt;30 = Oversold</em><em><br></em><em>50-70 = Neutral</em><em>&gt;70 = Overbought</em></td>
    <td>Neutral</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak Volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="thorchain-rune-price-prediction-2024-adx-rvi">THORChain (RUNE) Price Prediction 2024 — ADX, RVI</h2> 
<p>In the below chart, we analyze the strength and volatility of THORChain (RUNE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/n3IKNVN4/ " alt="">
 </figure>
</div> 
<p><em>RUNE/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of THORChain (RUNE).</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>27.743</td>
    <td>Strong Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>51.65<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>High Volatility</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="comparison-of-rune-with-btc-eth">Comparison of RUNE with BTC, ETH</h2> 
<p>Let us now compare the price movements of THORChain (RUNE) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/lrRDu5nL/ " alt="">
 </figure>
</div> 
<p><em>BTC Vs ETH Vs RUNE Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can interpret that the price action of RUNE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RUNE also increases or decreases respectively.</p> 
<h2 class="wp-block-heading" id="thorchain-rune-price-prediction-2024-2025-2030">THORChain (RUNE) Price Prediction 2024, 2025 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of THORChain (RUNE) between 2025, 2026, 2027, 2028, 2029 and 2030.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2025</td>
    <td>$18</td>
    <td>$1</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2026</td>
    <td>$20</td>
    <td>$0.9</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2027</td>
    <td>$23</td>
    <td>$0.8</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2028</td>
    <td>$27</td>
    <td>$0.7</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2029</td>
    <td>$30</td>
    <td>$0.6</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2030</td>
    <td>$32</td>
    <td>$0.5</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>If THORChain (RUNE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish THORChain (RUNE) price prediction for 2024 is $11.580. Comparatively, the bearish THORChain (RUNE) price prediction for 2024 is $2.258.&nbsp;</p> 
<p>If there is a positive elevation in the market momentum and investors’ sentiment, then THORChain (RUNE) might hit $15. Furthermore, with future upgrades and advancements in the THORChain ecosystem, RUNE might surpass its current all-time high (ATH) of $21.26 and mark its new ATH.&nbsp;</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is THORChain (RUNE)?</h4> 
<p>THORChain (RUNE) is the native utility token of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol.</p> 
<h4 class="wp-block-heading">2. Where can you buy THORChain (RUNE)?</h4> 
<p>THORChain (RUNE) has been listed on many crypto exchanges which include Binance, Bybit, Bitrue, BingX, and BitMart.</p> 
<h4 class="wp-block-heading">3. Will THORChain (RUNE) record a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the THORChain platform, THORChain (RUNE) has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of THORChain (RUNE)?</h4> 
<p>THORChain (RUNE) hit its current all-time high (ATH) of $21.26&nbsp; on May 19, 2021.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of THORChain (RUNE)?</h4> 
<p>According to CoinMarketCap, RUNE hit its all-time low (ATL) of $0.007939 on Sep 27, 2019.</p> 
<h4 class="wp-block-heading">6. Will THORChain (RUNE) hit $15?</h4> 
<p>If THORChain (RUNE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $15 soon.</p> 
<h4 class="wp-block-heading">7. What will be the THORChain (RUNE) price by 2025?</h4> 
<p>THORChain (RUNE) price might reach $18 by 2025.</p> 
<h4 class="wp-block-heading">8. What will be the THORChain (RUNE) price by 2026?</h4> 
<p>THORChain (RUNE) price might reach $20 by 2026.</p> 
<h4 class="wp-block-heading">9. What will be the THORChain (RUNE) price by 2027?</h4> 
<p>THORChain (RUNE) price might reach $23 by 2027.</p> 
<h4 class="wp-block-heading">10. What will be the THORChain (RUNE) price by 2028?</h4> 
<p>THORChain (RUNE) price might reach $27 by 2028.</p> 
<p>Top Crypto Predictions<br><br><a href="https://thenewscrypto.com/ethereum-classic-etc-price-prediction/">Ethereum Classic (ETC) Price Prediction</a></p> 
<p><a href="https://thenewscrypto.com/celestia-tia-price-prediction/">Celestia (TIA) Price Prediction</a></p> 
<p><a href="https://thenewscrypto.com/manta-network-manta-price-prediction/">Manta Network (MANTA) Price Prediction</a></p>  
<p><em>Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

THORChain (RUNE) Price Prediction 2024, 2025, 2026-2030

Table of Contents

TheNewsCrypto

Other articles published on Oct 21, 2023

MANTRA (OM) Price Prediction 2024, 2025, 2030, 2040, and 2050

Terpopular Sepekan: Harga BTC Jika ETF Disetujui hingga Dolar AS Merunduk

U.S. Imposes Restrictions on Chip-making Machinery Sales to China

Google’s Game-Changing Plan to Put AI in Everyone’s Hands

Finland accepts the digital euro and is working on a rapid payments system.

Elon Musk Unveils X Platform Upgrades, XRP Integration Sparks Enthusiasm!

Join our free newsletter for daily crypto updates!