THORChain

Coin

<ul class="news-points"> 
 <li>THORChain (RUNE) faces bearish pressure as prices dip to $5.44.</li> 
 <li>Keltner Channel bands signal bearish pressure, but bullish candlestick patterns hint at a potential market mood shift for RUNE.</li> 
 <li>RSI’s rise above 50 suggests growing buying strength in RUNE’s market.</li> 
</ul> 
In the previous 24 hours, the <a href="https://coinedition.com/tag/THORChain-RUNE/">THORChain (RUNE)</a> market has been dominated by bears, with prices witnessing a significant downward trend. As selling pressure remains stronger than buying demand, bullish efforts to recoup have been met with substantial resistance. 
RUNE’s downward trend remained in control, with prices trading hands at $5.44 at press time, a 0.80% drop from the intraday high of $5.58, according to CoinStats. If the bearish trend breaks through the intraday low of $5.40, it might lead to additional selling pressure, with the next support level at $5.20. 
However, if bulls retake the intraday high and push prices above $5.58, it might signal a possible reversal in the negative trend, with the next level of resistance anticipated at about $5.80. On the other hand, RUNE’s market capitalization and 24-hour trading volume fell by 0.69% and 51.13%, to $1,838,625,736 and $200,061,694, respectiv…
The post <a href="https://coinedition.com/thorchain-rune-shows-signs-of-recovery-amid-bearish-trend/">THORChain (RUNE) Shows Signs of Recovery Amid Bearish Trend</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

THORChain (RUNE) Shows Signs of Recovery Amid Bearish Trend

Coin Edition

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