Token

Resistance

THORChain

Verge

<p>The post <a href="https://coinpedia.org/price-analysis/thorchain-rune-price-hints-at-a-uptrend-to-10-amid-bull-market/" rel="noopener noreferrer nofollow">THORChain (RUNE) Price Hints At A Uptrend To $10 Amid Bull Market!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has recorded a strong bullish reversal by adding 5.52% to its global valuation following the release of the US CPI report for the month of April. Moreover, the price of <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has successfully reclaimed the $65K mark after recording a jump of 6.87% in its portfolio.</p>
<p>On the other hand, the THORChain (RUNE) price has jumped 15.01% and a trading volume of $465.114 (+46.54%) within the past day, making it one of the top gainers in the top 100 cryptocurrencies by market cap. Will the RUNE price hit $10 this month?</p>
<h2 class="wp-block-heading" id="h-rune-token-on-the-verge-of-testing-its-important-resistance-level">RUNE Token On The Verge Of Testing Its Important Resistance Level:</h2>
<p>After displaying a bearish price action for about a week by losing 17.65% in valuation. The <a href="https://coinpedia.org/price-prediction/thorchain-rune-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">THORChain price</a> has recorded a significant rise in the buying-over-selling pressure overnight, highlighting a strong bullish reversal in the crypto market and the possibility of a fresh bull market.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/DsXb-1PjmWuBoC6AQoyJn4o-isrJ-eU7vBcBFSx4wizdZ_AtKelNZN5rOWWKx0uvFYRVrg9S972igBjsEQTXoTLEJdH5xJsDMF1r1OB5FG6gUT-EDtiIzX7Bi7pw9OdAutwUvS9eoWTasfA3CTV5RTA" alt="RUNE Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: RUNE/USDT
 </figcaption>
</figure>
<p>The THORChain token has added approximately 5% today and is on the verge of testing its important resistance level of $6.575, the outcome of which is uncertain.</p>
<p>Furthermore, the EMA 50-day records a bullish crossover in the chart, suggesting a positive outlook for the <a href="https://markets.coinpedia.org/thorchain/" target="_blank" rel="noopener noreferrer nofollow">RUNE price</a> in the coming time.</p>
<p>The Relative Strength Index (RSI) has surpassed the mid-point displaying a significant rise in the chart and further highlighting a positive reversal in the price action. Moreover, the averages show a bullish curve in the 1D time frame, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-rune-price-go-up">Will RUNE Price Go Up?</h2>
<p>If the market pushes the price above its resistance level at $6.575, the bulls will regain momentum and prepare to test its upper resistance level of $8.250. Maintaining the price at that level will set the stage for the RUNE coin price to test its upper high of $10 in the coming time.</p>
<p>Conversely, if a bearish trend reversal occurs, the bulls will lose momentum and the THORChain price will plunge toward its important support level of $4.750 this month.</p>

THORChain (RUNE) Price Hints At A Uptrend To $10 Amid Bull Market!

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