THORChain Prepares New Bullish Wave · Trades at Bottom PricesLook at the period between June 2022 and October 2023. This is literally what we call "bottom prices," and this is exactly what we have now.
In this case, RUNEUSDT, the period starts January 2025 until this present day. THORChain is trading at bottom prices. The best time to buy before a major bullish wave.
Look back to October 2023, after a very strong and prolonged sideways period, the market turned extremely bullish, this is the exact same pattern we will have again. After months and months of sideways, the market will recover and turn, producing a new trend, an uptrend.
In late 2020, also around October, there was another consolidation period at bottom prices before a major rise. So this happens all the time. THORChain goes up and then hits bottom. Once at the bottom it lingers there for a while finally to recover and become super bullish. Each bullish period lasts anywhere between 6-12 months. Can be more or less depending on when you start to come but the project has been proven to move wild and big when the bulls are in. Which is what comes next.
Do not be deceived by the low prices or the short-term, everything can change in an instant and you already saw the preview, you already saw what is possible and to this market phase we are getting close. We are getting close to the next bullish wave and this wave will produce marketwide growth. Many more pairs will move compared to previous cycles and the advance will last that much longer.
It is already happening. The low was hit in January, almost 8 months ago. We are about to move higher, the highest prices since 2021.
Namaste.
