THORChain RUNE Price wondering where to turn next
Updated
The RUNEUSDT price does not behave like most altcoins or even BTC.
So, we can assume that MM is leading it "where it needs to go."
The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market.
We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25
- If it is fixed higher, then we take the blue scenario as a reference point.
- If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic.
Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40
If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time
_____________________
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So, we can assume that MM is leading it "where it needs to go."
The previous wave of RUNE price growth was also "on its own" - it was driven up without any correction and despite negative news inputs on the market.
We don't know whether the same situation will happen again now, but we will be watching the price of THORChain token very closely around $5.25
- If it is fixed higher, then we take the blue scenario as a reference point.
- If sales begin and the price does not go above $5.25, then the red scenario will become quite realistic.
Frankly speaking, after such a wave of growth as we had in the second half of 2023 (almost uncorrected), it would be nice to see a deeper correction, perhaps even to $2.40
If we don't see this, then the targets for the pump are much higher, and we will need "to jump on board" in time
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trade closed: target reached
Runeusdt price moved nicely in blue waves, resulting in a +135% trade.
🎁 -20% on ALL trading fees OKX
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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