Bullish Breakout of Pullback Phase: RUNE showcases a bullish breakout from its recent pullback phase's resistance trendline.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA.
Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain.
Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout.
Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal.
Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth.
Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion.
Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10.
Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.
Challenges Overhead 50D EMA: The recovery rally is now challenging the overhead 50-day EMA, hinting at a potential bull run.
Potential to Reach $7.08: If RUNE successfully surpasses the $5 mark, it could escalate to $7.08.
Dynamic Resistance from 50D EMA: RUNE is confronting the dynamic resistance presented by the 50D EMA.
Indications of an Intense Bull Run: Sustaining above the 200D EMA signals a strong upcoming bull run for Thorchain.
Ascending Triangle Formation: An ascending triangle is forming with the neckline at $5, suggesting a possible breakout.
Inverted Head and Shoulder Pattern: The pattern, with a neckline at $5, indicates a bullish reversal.
Current Trading Price: RUNE is currently trading at $4.64, showing an uptrend with a 1.53% intraday growth.
Technical Indicators - RSI: The RSI crossing above the halfway line supports the bullish trend in motion.
Possibility of Reaching $10: A sustained momentum above $5 could potentially lead RUNE to $7 and, optimistically, to $10.
Risk of Decline to $3.64: Failure to maintain the bullish momentum could see RUNE dropping to $3.64.