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RUNE Technical Analysis: Uptrend Soon To Break Above $10

RUNE Technical Analysis: Uptrend Soon To Break Above $10


Cryptoknowmics
2022-03-26 11:09:31
RUNE Technical Analysis: Uptrend Soon To Break Above $10

RUNE coin price shows a remarkable reversal of almost 200% from the $3.5 mark. First, however, the psychological barrier at $10. Key technical points: RUNE coin price jumps 20% after the $8.5 retest. In addition, the 50 and 100-day EMAs give a bullish crossover. Finally, the 24-hour trading volume of Thorchain is $424 Million, marking a 56% rise. Past Performance of RUNE RUNE coin price shows a sudden buying pressure surge with the resistance trend retest. The retest rally surpasses the $6.5 resistance zone and all the crucial bearish EMAs in the daily chart. The coin price continues the bullish rally after the $8.30 retest, accounting for a 20% jump in the last 48 hours. Source-Tradingview RUNE Technical Analysis RUNE coin price shows a rounding bottom breakout in the daily chart with a neckline at $8.30 horizontal level. The retest rally shows a 20% jump with bullish engulfing candlesticks continuing the uptrend journey. The Thorchain token price trades above all the crucial EMAs in the daily chart, with the 50 and 100-day EMA giving a bullish crossover. If the uptrend continues, we can shortly see a golden crossover. RSI Indicator: The RSI slope retests the overbought boundary and continues the trend higher above the 70% mark. Moreover, the 14-day SMA reaches into the overbought zone. MACD Indicator: The MACD and signal lines continue the bullish journey in a favorable alignment after udenrmining multiple bearishc crossover...

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