Convergence

Token

THORChain

<p>The post <a href="https://coinpedia.org/price-analysis/thorchain-price-hits-22-month-high-rune-token-to-hit-10-soon/" rel="noopener noreferrer nofollow">THORChain Price Hits 22-Month High! RUNE Token To Hit $10 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>After displaying a neutral trend for a brief period, the THORChain (RUNE) price has recorded a significant uptrend in its valuation over the past week, indicating a rising interest of investors in this altcoin.</p>
<p>The RUNE token has added 41% within the past 24 hours, making it one of the top gainers of the day. Further, it has added 30.91% within the past seven days and approximately 62% over the past 30 days.</p>
<h2 class="wp-block-heading" id="h-rune-price-jumps-over-40-today">RUNE Price Jumps Over 40% Today!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/" rel="noopener noreferrer nofollow">RUNE price</a> traded in a closed range between $5.360 and $5.920 for a brief period, following which the market lost momentum, resulting in a price breakdown. After this, the THORChain token displayed a neutral trend for a while.</p>
<p>As the market volatility grew, the bulls regained momentum and recorded a jump of 28.36% over the next five days. Following this, the price faced rejection below its resistance level of $6.455, after which the price traded sideways for the next few days.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/MaBBmFoXRVjX8DQ3o5y5Jognmgpj8_EW43aDQsUOhTquXxAi4mEnRC1oYLOOvq2_k92Yd3hS4z7UcGBTfzLQNHbGvkuX23KAzW99ilcn_ElMmZaOtiXYeDYW3Ua2L9_kd2KDYimQ1FiNSMSAEjiqxfc" alt="RUNE Price Prediction 2024">
 <figcaption class="wp-element-caption">
  TradingView: RUNE/USDT
 </figcaption>
</figure>
<p>Following multiple failed attempts to break out of the resistance level, the bulls lost momentum and started trading under a bearish influence. The RUNE token recorded a loss of over 21% over the next six days. After testing its low of $4.897, the bulls regained momentum and added approximately 60% in valuation.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a significant rise in the green histogram, indicating increased buying pressure in the crypto industry. Further, the averages show a rising pattern, suggesting a positive price action for the RUNE token in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-thorchain-price-increase">Will THORChain Price Increase?</h2>
<p>If the market holds the price above the support level of $7.50, the bulls will continue to gain momentum and prepare to test its resistance level of $8.10. Maintaining the price at that level will set the stage for THORChain price to attempt to test its upper high of $8.750.</p>
<p>Conversely, if the industry experiences a trend reversal, the bulls will lose momentum and fall to test its support level of $6.963. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $6.455.</p>

THORChain Price Hits 22-Month High! RUNE Token To Hit $10 Soon?

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