THORChain (RUNE) is approaching the critical point: correction between $5.55 and $5.81

THORChain (RUNE), known for its innovative approach in the DeFi sector, has recently shown interesting movements in the market. In this article, we discuss the latest RUNE price movements directly from our Premium environment and analyze what they could mean for the future. Perfect for investors seeking a better understanding of RUNE’s market position.

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Technical Analysis THORChain (RUNE)

A new RUNE analysis was recently shared in the Crypto Insiders Premium environment. In it, the analysts said the following:

“From our take profit zone, where we took a profit from our previous position, the price moved exactly as we expected: a sustained decline.

This decline followed the WXY Elliott wave pattern and now appears to be nearing its end at the 100% and 123.6% Fibonacci levels, or between $5.55 and $5.81. We expect a short correction in this area, but we expect it to be short-lived.

Our analysis suggests that the downtrend will continue. We have set an invalidation level of $7.29, which would be a clear signal that the market is moving differently than we currently expect.”

Date of analysis: December 11th. Link to trading view:

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