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THORChain (RUNE) Price Prediction 2024, 2025, 2026-2030

  • Bullish RUNE price prediction for 2024 is $6.672 to $13.013.
  • THORChain (RUNE) price might reach $15 soon.
  • Bearish RUNE price prediction for 2024 is $1.471.

In this THORChain (RUNE) price prediction 2024, 2025-2030,  we will analyze the price patterns of RUNE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS

INTRODUCTION

  • THORChain (RUNE) Current Market Status
  • What is THORChain (RUNE)?
  • THORChain (RUNE) 24H Technicals

THORCHAIN (RUNE) PRICE PREDICTION 2024

  • THORChain (RUNE) Support and Resistance Levels
  • THORChain (RUNE) Price Prediction 2024 — RVOL, MA, and RSI
  • THORChain (RUNE) Price Prediction 2024 — ADX, RVI
  • Comparison of RUNE with BTC, ETH
THORCHAIN (RUNE) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

THORChain (RUNE) Current Market Status

Current Price $5.11
24 – Hour Price Change 5.22% Down
24 – Hour Trading Volume $275,328,024
Market Cap $1,736,366,947
Circulating Supply 339,835,240 RUNE
All – Time High $21.26 (On May 19, 2021)  
All – Time Low $0.007939 (On Sep 27, 2019 )  

RUNE Current Market Status (Source: CoinMarketCap)

What is THORChain (RUNE)

TICKER RUNE
BLOCKCHAIN THORChain
CATEGORY Decentralized Exchange
LAUNCHED ON 2019
UTILITIES Governance, security, gas fees & rewards

THORChain (RUNE) is the native utility token of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol. The project was born out of a hackathon that commenced in 2018. Its native token, RUNE was initially launched as a BEP-2 token and later transitioned to an ERC-20 token in 2019.

THORChain is built on Cosmos SDK and Tendermint protocol and uses a proof-of-stake (PoS) consensus mechanism. It also includes its native decentralized exchange (DEX) that enables users to swap tokens across different blockchains. THORChain DEX aids the inclusion of automated market makers (AMMs).

Further, THORChain (RUNE) is used in staking, trading, security, and governance and is provided as a reward to users.

THORChain 24H Technicals

 (Source: TradingView)

THORChain (RUNE) Price Prediction 2024

THORChain (RUNE) ranks 46th on CoinMarketCap in terms of its market capitalization. The overview of the THORChain price prediction for 2024 is explained below with a daily time frame.

RUNE/USDT Rounding Bottom Pattern (Source: TradingView)

In the above chart, THORChain (RUNE) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

At the time of analysis, the price of THORChain (RUNE) was recorded at $5.11. If the pattern trend continues, then the price of RUNE might reach the resistance levels of $5.470, and $8.178. If the trend reverses, then the price of RUNE may fall to the support of $4.309.

THORChain (RUNE) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of THORChain (RUNE) in 2024.

RUNE/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as the resistance and support levels of THORChain (RUNE) for 2024.

Resistance Level 1 $6.672
Resistance Level 2 $13.013
Support Level 1 $3.270
Support Level 2 $1.471

RUNE Resistance & Support Levels

THORChain (RUNE) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of THORChain (RUNE) are shown in the chart below.

RUNE/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current THORChain (RUNE) market in 2024.

INDICATOR PURPOSE READING INFERENCE
50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $4.813Price = $5.232
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 64.715
<30 = Oversold
50-70 = Neutral>70 = Overbought
Neutral
Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume

THORChain (RUNE) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of THORChain (RUNE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

RUNE/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of THORChain (RUNE).

INDICATOR PURPOSE READING INFERENCE
Average Directional Index (ADX) Strength of the trend momentum 12.674 Weak Trend
Relative Volatility Index (RVI) Volatility over a specific period 48.14

<50 = Low
>50 = High

Low Volatility

Comparison of RUNE with BTC, ETH

Let us now compare the price movements of THORChain (RUNE) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs RUNE Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of RUNE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RUNE also increases or decreases respectively.

THORChain (RUNE) Price Prediction 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of THORChain (RUNE) between 2025, 2026, 2027, 2028, 2029 and 2030.

Year  Bullish Price  Bearish Price
THORChain (RUNE) Price Prediction 2025 $18 $1
THORChain (RUNE) Price Prediction 2026 $20 $0.9
THORChain (RUNE) Price Prediction 2027 $23 $0.8
THORChain (RUNE) Price Prediction 2028 $27 $0.7
THORChain (RUNE) Price Prediction 2029 $30 $0.6
THORChain (RUNE) Price Prediction 2030 $32 $0.5

Conclusion

If THORChain (RUNE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish THORChain (RUNE) price prediction for 2024 is $13.013. Comparatively, the bearish THORChain (RUNE) price prediction for 2024 is $1.471. 

If there is a positive elevation in the market momentum and investors’ sentiment, then THORChain (RUNE) might hit $10. Furthermore, with future upgrades and advancements in the THORChain ecosystem, RUNE might surpass its current all-time high (ATH) of $21.26 and mark its new ATH. 

FAQ

1. What is THORChain (RUNE)?

THORChain (RUNE) is the native utility token of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol.

2. Where can you buy THORChain (RUNE)?

THORChain (RUNE) has been listed on many crypto exchanges which include Binance, Bybit, Bitrue, BingX, and BitMart.

3. Will THORChain (RUNE) record a new ATH soon?

With the ongoing developments and upgrades within the THORChain platform, THORChain (RUNE) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of THORChain (RUNE)?

THORChain (RUNE) hit its current all-time high (ATH) of $21.26  on May 19, 2021.

5. What is the lowest price of THORChain (RUNE)?

According to CoinMarketCap, RUNE hit its all-time low (ATL) of $0.007939 on Sep 27, 2019.

6. Will THORChain (RUNE) hit $15?

If THORChain (RUNE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $15 soon.

7. What will be the THORChain (RUNE) price by 2025?

THORChain (RUNE) price might reach $18 by 2025.

8. What will be the THORChain (RUNE) price by 2026?

THORChain (RUNE) price might reach $20 by 2026.

9. What will be the THORChain (RUNE) price by 2027?

THORChain (RUNE) price might reach $23 by 2027.

10. What will be the THORChain (RUNE) price by 2028?

THORChain (RUNE) price might reach $27 by 2028.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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