Resistance

THORChain

Change

Status

Time

<ul class="wp-block-list"> 
 <li><strong>Bullish RUNE price prediction for 2024 is $5.823 to </strong><strong>$11.584</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>$1.458</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;">$5.61</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">7.42% Up</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;">$159.80M</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$1.89B</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;">337.64M 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 28, 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">THORChain 24H Technicals</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="410" src="https://thenewscrypto.com/wp-content/uploads/2024/10/image-100-1024x410.png" alt="" class="wp-image-112076" srcset="https://thenewscrypto.com/wp-content/uploads/2024/10/image-100-1024x410.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-100-300x120.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-100-768x307.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-100.png 1304w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>(Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-thorchain-rune-price-prediction-2024">THORChain (RUNE) Price Prediction 2024</h2> 
<p>THORChain (RUNE) ranks 50th 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/nsjnxcHJ/" alt="">
  <figcaption class="wp-element-caption">
   <em>RUNE/USDT Rounding Bottom Pattern (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>In the above chart, THORChain (RUNE) laid out a Frounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.</p> 
<p>At the time of analysis, the price of THORChain (RUNE) was recorded at $5.325. If the pattern trend continues, then the price of RUNE might reach the resistance levels of $6.030, and $13.108. If the trend reverses, then the price of RUNE may fall to the support levels of $3.810, and $2.587.</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/uZX1Opvk/" alt="">
  <figcaption class="wp-element-caption">
   <em>RUNE/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<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 is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$5.823</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$11.584</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$3.004</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$1.458</td>
   </tr>
  </tbody>
 </table>
 <figcaption class="wp-element-caption">
  <em>RUNE Resistance &amp; Support Levels</em>
 </figcaption>
</figure> 
<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/FjbUN85u/" alt="">
  <figcaption class="wp-element-caption">
   <em>RUNE/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<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 is-style-stripes">
 <table class="has-fixed-layout">
  <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 = $5150<br>Price = $5.325<br><em>(50MA &lt; Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index&nbsp;(RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>60.295<br><em>&lt;30 = Oversold<br>50-70 = Neutral</em><br><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/LQfNF631/" alt="">
  <figcaption class="wp-element-caption">
   <em>RUNE/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<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 is-style-stripes">
 <table class="has-fixed-layout">
  <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>11.138</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>65.52<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/6ZhxCHtD/" alt="">
  <figcaption class="wp-element-caption">
   <em>BTC Vs ETH Vs RUNE Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/RUNEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<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 is-style-stripes">
 <table class="has-fixed-layout">
  <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>$20</td>
    <td>$1</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2026</td>
    <td>$24</td>
    <td>$0.9</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2027</td>
    <td>$32</td>
    <td>$0.8</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2028</td>
    <td>$35</td>
    <td>$0.7</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2029</td>
    <td>$36</td>
    <td>$0.6</td>
   </tr>
   <tr>
    <td>THORChain (RUNE) Price Prediction 2030</td>
    <td>$40</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 $11.584. Comparatively, the bearish THORChain (RUNE) price prediction for 2024 is $1.458.&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> 
<p>2. Where can you buy THORChain (RUNE)?</p> 
<p>THORChain (RUNE) has been listed on many crypto exchanges which include Binance, Bybit, Bitrue, BingX, and BitMart.</p> 
<p>3. Will THORChain (RUNE) record a new ATH soon?</p> 
<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> 
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<p class="has-medium-font-size"><em><strong>Disclaimer:</strong> 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

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