The post Is RUNE Ready to Smash $10? appeared on BitcoinEthereumNews.com.

THORChain crypto price has been on a strong uptrend in the recent trading sessions, breaking above the key moving averages. The sellers were hesitant to challenge the rally and waited for a drop to exert their pressure. However, the buying pressure is consistent. The buyers kept building long positions and are heading for the $10 mark. RUNE crypto was trading in a bullish zone at the time of writing with a 2.17% gain for the day, highlighting bullishness in the last trading session. The trading volume for the day was 262.823 Million. The market cap of RUNE crypto was $2.252 Billion. On the daily chart, THORChain crypto remained on the top, near the supply zone, holding the gains firmly. Buyers have an advantage and have controlled the past few trading sessions. Moreover, the price continued to form higher highs, and sellers were caught during the rebound. Analysts have given a buy rating for the crypto, and the target price is $10. Technical Analysis of THORChain Crypto Price in 1-D Time Frame Source: THORChain.1D.USD by TradingView Currently, THORChain crypto (crypto: RUNE) is trading above the 50 and 200-day simple moving averages (SMAs), which are supporting the price momentum.  Moreover, if buying volume counts up, then the price might continue to show bullish momentum by making higher highs. Hence, the THORChain price is expected to move upwards giving bullish views over the daily time frame chart. The current value of RSI is 63.81 points. The 14 SMA is above the median line at 64.99 points which indicates that the THORChain crypto is bullish. The MACD line at 0.59542676 and the signal line at 0.65336494 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the RUNE crypto price. Weekly Charts Price…

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Filed under: News - @ December 8, 2023 11:24 pm