#Rune The current price of THORChain (RUNE) is $1.70, with a 10.51% increase in value over the last 24 hours. Here's a detailed technical analysis:
*Key Indicators:*
- *Current Price*: $1.70
- *Market Cap*: $564,946,828.04
- *24-hour Trading Volume*: $146,552,486.95
- *Circulating Supply*: 351,544,220 RUNE tokens
- *Total Supply*: 425,612,958 RUNE tokens
*Price Movement:*
- *24-hour Low*: $1.54
- *24-hour High*: $1.7
- *All-Time High*: $21.26 (May 19, 2021)
- *All-Time Low*: $0.007940 (September 27, 2019)
*Technical Analysis:*
The Relative Strength Index (RSI) for RUNE stands at a neutral market position, while the Moving Average Convergence Divergence (MACD) indicator shows early signs of a possible bullish reversal. Trading signals indicate a *strong buy* according to the 4-hour and 1-day technical analysis, but a *sell* signal according to the 1-week technical analysis.
*Support and Resistance Levels:*
- *Immediate Support*: $1.20-$1.22 (strong demand level)
- *Secondary Support*: $0.98-$1.00
- *Resistance Level*: $1.60-$1.65 (previous rejections)
*Trading Strategies:*
- *Buy*: Consider buying RUNE at the current price, with a stop loss at $1.54 and targets at $1.90-$1.95.
- *Sell*: Look for selling opportunities around $1.60-$1.65, with a stop loss at $1.60 and targets at $1.00-$0.98 ¹.$RUNE