RUNE forum

This should go back to $10+ in the next weeks or months


THORChain price is up 120% in a remarkable rally beginning October 20, testing levels last seen in May 2022.
However, the uptrend could be exhausted for RUNE as the altcoin is massively overbought. A 20% slump is possibly on the cards.
This bearish outlook will be invalidated once the altcoin records a decisive daily candlestick close above the $3.500 psychological level.
This theory is supported by significant on-chain metrics. Based on data from Santiment, social dominance for RUNE is rapidly shrinking, suggesting the altcoin is becoming increasingly irrelevant.

triangle thrusts are scary and amazing at the same time