THORChain Price Prediction – RUNE Price Estimated to Drop to $1.05 By Dec 13, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • THORChain is up 3.68% today against the US Dollar
  • RUNE/BTC increased by 3.18% today
  • RUNE/ETH increased by 2.87% today
  • THORChain is currently trading 31.05% above our prediction on Dec 13, 2022
  • THORChain dropped -8.81% in the last month and is down -81.36% since 1 year ago
THORChain price $ 1.38
THORChain prediction $ 1.05 (-23.69%)
Sentiment Bearish
Fear & Greed index 25 (Extreme Fear)
Key support levels $ 1.34, $ 1.30, $ 1.27
Key resistance levels $ 1.40, $ 1.43, $ 1.46

RUNE price is expected to drop by -23.69% in the next 5 days according to our THORChain price prediction

is trading at $ 1.38 after gaining 3.68% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 0.51% in the same time period. RUNE performed well against BTC today and recorded a 3.18% gain against the world’s largest cryptocurrency.

According to our THORChain price prediction, RUNE is expected to reach a price of $ 1.05 by Dec 13, 2022. This would represent a -23.69% price decrease for RUNE in the next 5 days.

RUNE Price Prediction Chart

Buy/Sell THORChain

What has been going on with THORChain in the last 30 days

THORChain has been displaying a negative trend recently, as the coin lost -8.81% in the last 30-days. The medium-term trend for THORChain has been bearish, with RUNE dropping by -29.02% in the last 3 months. The long-term picture for THORChain has been negative, as RUNE is currently displaying a -81.36% 1-year price change. On this day last year, RUNE was trading at $ 7.38.

THORChain reached its all-time high price on May 19, 2021, when the price of RUNE peaked at $ 20.98. The current RUNE cycle high is $ 1.42, while the cycle low is at $ 1.01. RUNE has been displaying low volatility recently – the 1-month volatility of the coin is at 7.74. THORChain recorded 16 green days in the last 30 days.

THORChain technical analysis for today – Dec 08, 2022

The sentiment in the THORChain markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 1.34, $ 1.30 and $ 1.27, while $ 1.40, $ 1.43 and $ 1.46 are the key resistance levels.

Bearish sentiment for THORChain

13 indicators are currently signaling a bullish prediction for THORChain, while 17 indicators are showing a bearish forecast. With 57% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for THORChain.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 25 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

THORChain moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how THORChain is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 1.38 (SELL) $ 1.37 (BUY)
MA5 $ 1.37 (BUY) $ 1.37 (BUY)
MA10 $ 1.32 (BUY) $ 1.34 (BUY)
MA21 $ 1.25 (BUY) $ 1.30 (BUY) $ 1.81 (SELL) $ 1.83 (SELL)
MA50 $ 1.35 (BUY) $ 1.36 (BUY) $ 3.82 (SELL) $ 3.38 (SELL)
MA100 $ 1.52 (SELL) $ 1.61 (SELL) $ 6.19 (SELL) $ 4.23 (SELL)
MA200 $ 1.97 (SELL) $ 2.42 (SELL)
Period Value Action
RSI (14) 56.65 SELL
Stoch RSI (14) 99.70 SELL
Stochastic Fast (14) 89.50 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 23.26 NEUTRAL
Awesome Oscillator (5, 34) 0.08 NEUTRAL
Momentum (10) 0.19 NEUTRAL
MACD (12, 26) 0.03 NEUTRAL
Williams Percent Range (14) -10.50 SELL
Ultimate Oscillator (7, 14, 28) 67.05 NEUTRAL
VWMA (10) 1.32 BUY
Hull Moving Average (9) 1.41 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 1.24 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for THORChain is at 56.65, suggesting that RUNE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of THORChain over the last 50 days. Currently, THORChain is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the RUNE closing price for the last 200 days. RUNE is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this THORChain prediction

After considering the above factors, we can conclude that the current forecast for THORChain price prediction is Bearish. RUNE would have to decrease by -23.69% to hit our $ 1.05 target within the next five days. Moving forward, it will be important to monitor the RUNE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term THORChain price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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