$RUNE / USDT Technical Analysis

Price: $1.253 Timeframe: 1D

THORChain ($RUNE) is currently hovering around a strong historical support zone near $1.20–$1.30, which has acted as a base multiple times in the past.

Chart Observations:

Price is testing multi-month support, highlighted by the blue demand zone. Previous bounces from this region have led to significant rallies.

Oversold RSI levels suggest selling pressure may be exhausting, potentially indicating a reversal or short-term bounce.

Volume remains low, hinting that major accumulation has not started but this silence could be the calm before the storm.

Resistance Levels:

Immediate resistance near $2.00, followed by $4.00 and $8.00 on the mid-term.

Breakout above $2.00 could confirm a trend reversal.

Why Watch RUNE?

THORChain remains a strong DeFi protocol enabling cross-chain swaps with no intermediaries.

If crypto market sentiment turns bullish, RUNE’s historical price action shows it has high upside potential.

This is not financial advice. Always DYOR before investing.

Potential Opportunity Zone for long-term investors especially for those who believe in THORChain's decentralized liquidity vision.

#RUNE #THORChain