Log in

Market Direction

THORChain coin (Rune) price today - Chart, prediction & analysis

Updated: Aug 20, 2024
Published: Jul 25, 2024
0
Share:

After months of bearish pressure, has RUNE finally broken the curse of its prolonged downtrend?

Post Feature Image

With a fresh breakout above a key trendline and a dance around critical support levels, RUNE is at a crossroads that has traders buzzing. Could this be the turning point that RUNE hodlers have been waiting for, or is it just another false dawn?

In this analysis, we'll dissect RUNE's recent price action, identifying the crucial levels that could make or break its recovery. We'll also tackle the burning question: Is RUNE ready to reclaim its former glory, or are there better opportunities in the current market landscape?

  • The last few months of price action have been pretty poor; however, RUNE doesn't look as bad here as it has for the last few months.
  • RUNE has broken out of its main downtrend line, which is positive.
  • In the short term, it has found resistance at the horizontal level of $4.78, which we have long identified as a key level.
  • Currently, though, RUNE does sit on top of local support at $4.30, so it may be able to bounce from here and retest $4.78 if the wider market holds up.
  • If RUNE can break above $4.78, the next target is $6.08.
  • THORChain possibly re-visits the $3.38 horizontal support, but we think this can be a local bottom area.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. "One Glance" by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. These are not signals, and they are not financial advice.


Cryptonary's take

Overall, the setup is less bearish than what RUNE has been in recent months, so that's more positive for RUNE. However, just because RUNE looks less bearish than it in the recent past doesn't mean it's the opportunity to go for. We do see better opportunities in the majors and also the bluechip memes (WIF and POPCAT). Therefore, our focus has been there rather than laggards such as RUNE. And with the price action we've seen, we've been proven right.

RUNE USDT price chart showing key support and resistance levels with recent price trends and RSI indicator RUNE USDT price chart showing key support and resistance levels with recent price trends and RSI indicator


What is RUNE crypto?

Rune (RUNE) is the native token of the Thorchain network, a decentralized liquidity protocol. It is used for governance, bonding, and as a base pair in the network's liquidity pools. As a governance and utility token, RUNE plays a crucial role in maintaining the network's operations and incentivizing liquidity provision.

How to buy RUNE

Via Centralized Exchanges (CEX):
  1. Choose a CEX that lists RUNE, like Binance, ByBit, or Kraken.
  2. Create and verify your account.
  3. Deposit funds.
  4. Go to the RUNE/USDT trading pair and purchase RUNE.
   

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Bullish Breakouts and Critical Resistance Tests
PRO
Market Direction
BTC, ETH and More: Bullish Breakout...The majors broke upside on positive macro news, now testing key resistances. Watch for bullish conti...
8 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
BTC, ETH, and More: Double Bottoms and a Critical Bounce
PRO
Market Direction
BTC, ETH, and More: Double Bottoms ...Markets rebound off key lows, BTC and major alts flash double bottom signals. Will support hold for ...
6 min read
Oct 20, 2025