๐ฅ THORChain (RUNE) is showing strong bullish potential despite a recent dip of -5.86%, currently trading at 1.484. This dip could be a healthy pullback before the next big move up.
๐ฏ *Targets:*
- TP1:7.44 โ first major resistance and solid profit zone
- TP2: 15.50 โ mid-term goal with strong momentum
- TP3:28.00 โ ultimate bullish target, massive upside potential
โ ๏ธ *Stop Loss (SL):* Around 1.10 to protect from further downside
| Level | Price () | Notes |
|---------|-----------|---------------------------------------|
| Entry | 1.484 | Current price |
| TP1 | 7.44 | First resistance, partial profit |
| TP2 | 15.50 | Strong momentum confirmation |
| TP3 | 28.00 | Major bullish target |
| SL | 1.10 | Safety net to limit losses |
๐ *Analysis:* THORChainโs fundamentals remain strong โ its cross-chain liquidity protocol is gaining traction, fueling bullish sentiment. The current dip might shake out weak hands, setting up a solid base for a surge. If the crypto market stays bullish, RUNE could replicate previous parabolic moves, especially with growing DeFi adoption and cross-chain demand.
Remember, volatility is natural here, so patience and proper risk management are crucial. Holding through dips like this has often paid off big in projects with solid tech and use cases like THORChain.
In short, weโre seeing a promising setup โ RUNE could skyrocket if it breaks these resistance levels. Get ready for a wild ride! ๐๐