Thorchain (RUNE) is showing signals of an impending uptrend

THORChain (RUNE), known for its decentralized liquidity protocols, is the focus of our analysis today. We focus on the price prediction of RUNE for the coming period. In this article you will find a technical analysis from our premium environment.

Are you interested in further insights or do you have specific questions? Discover more analysis in our premium environment, where for 1 euro you get 30 days access and can ask questions directly to our analysts. Remember that our analyzes are purely informational in nature and do not constitute financial advice.

Technical analysis of THORChain (RUNE) price

Crypto Insiders premium members have access to THORChain (RUNE) analysis for a few days. In this update you will find clear information about the current state of RUNE and what the market may expect:

“After the decline, RUNE price has entered our green buy zone and will remain there for the time being. We are seeing signs that the fourth wave of an Elliott Wave pattern may have completed.

This is confirmed by an increase in buy orders and strong support points in the current trading zones. It is also noticeable that RUNE has reached all important levels in our Fibonacci analysis. This gives us additional confidence in an impending uptrend.

Nevertheless, caution is still advised. Therefore, we have set a limit: if the price falls below $4,856, we will have to revise our strategy. This is our security measure to avoid unnecessary risks.”

Date of analysis: December 24th. Link to trading view:

Our charts come from TradingView. This allows you to easily perform crypto analysis such as: B. ETH USD.

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

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