RUNE (THORChain) Market Analysis – May 13, 2025
Current Price: $1.96
Trend Outlook: Testing Key Resistance
Summary:
RUNE has shown strong performance, moving from the $1.00 support zone up to nearly $2.00, marking a 100% rally. However, it is now facing significant resistance at the $2.00 level, a psychological and technical barrier. To confirm continuation, the price needs two daily candle closes above $2.00.
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Key Levels to Watch:
Resistance:
$2.00 (Current barrier)
$2.50 (Next bullish target after breakout)
Support:
$1.60 (Major support; was previous resistance)
$1.20 (Reentry zone if $1.60 fails)
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Trade Setup:
Entry (Aggressive): $1.97–$2.00 (Anticipating breakout)
Entry (Conservative): After 2 daily closes above $2.00
Targets:
TP1: $2.50
TP2: $3.20
TP3 (long-term): $7.00–$8.00 (if macro trend shifts bullish)
Stop Loss:
Conservative: Below $1.60
Aggressive: Below $1.85
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Analysis:
If RUNE fails to secure the $2.00 level with conviction, a pullback to $1.60 is likely. Sustained closes above $2.00 will open doors for a much larger bullish move, potentially targeting $2.50 and beyond. Keep an eye on volume and candle closes for confirmation.
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