Please note: The video above is set to start at the 18-minute mark, featuring an in-depth technical analysis of Rune (RUNE).
For Rune, we discussed the impact of recent shifts in market sentiment, which have driven the price down from its peak at $6 to around $3. Despite this decline, Rune's chart suggests it might be approaching a bottom, particularly given the broader market's behaviour. We are looking for a potential head and shoulders pattern to form, which could indicate a reversal in the current downtrend.
Our target buy zones for RUNE are around $3.20 to $3.40, where we believe there could be a strong accumulation opportunity. The formation of a reversal pattern and a broader market recovery could position RUNE for a significant upward move. As always, we advise caution and patience, allowing the market to confirm these patterns before taking action.
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.
What is Thorchain : 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. Rune's utility and integration within Thorchain's ecosystem make it a pivotal asset in the decentralized finance (DeFi) space.
Rune's ATH is $21.35. We've invested in Rune at an average price of $3, and believe in its utility and long-term potential within the DeFi landscape. Rune also has Solana integrations coming up in Q3, which makes us even more bullish.
How to buy RUNE
Via Centralized Exchanges (CEX):
- Choose a CEX that lists RUNE like Binance, ByBit, or Kraken.
- Create and verify your account.
- Deposit funds.
- Go to the RUNE/USDT trading pair and purchase RUNE.
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