The price of $RUNE has decreased by 5% over the past week, trading at $1.54 — just below the resistance of $1.57. This comes ahead of the V3.7.0 update for THORChain, scheduled for the end of the week. The update is expected to bring significant improvements to the network and impact the price of RUNE.

The V3.7.0 update in the THORChain network could raise the price of RUNE. The Ichimoku cloud also indicates a potential rise for the altcoin. If RUNE manages to hold above $1.57, it could push the price to $1.67 and attract new investments.

However, if the market turns bearish, RUNE could fall. A drop below $1.50 may indicate further weakness, with $1.39 being the next support level. Breaking this level would invalidate the bullish outlook and could lead to losses for investors.$MAGIC $CYBER