Tuesday, 27 February 2024
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THORChain (RUNE) price prediction amid a thriving memecoin presale phase

THORChain (RUNE) price prediction amid a thriving memecoin presale phase

  • THORChain (RUNE) displays bullish momentum, aiming to test previous highs.
  • RUNE’s 2024 price predictions suggest potential for significant gains, with analysts predicting a stab at $7.1.
  • Memeinator (MMTR) presale, on the other hand, shows impressive fundraising progress

In the ever-evolving landscape of cryptocurrency, THORChain (RUNE) and the groundbreaking memecoin Memeinator (MMTR) have recently grabbed the spotlight with significant developments.

From bold proposals to price predictions, both projects are poised for attention-grabbing moves. Let’s delve into the recent price movements of THORChain (RUNE), its future predictions, and take a glance at the MMTR presale stages, exploring the potential impact on the market.

THORChain (RUNE) price movements

THORChain (RUNE) price has been a subject of substantial volatility since the beginning of the year, witnessing pronounced fluctuations in buying and selling pressures. Despite a correction of over 11% Year-to-Date (YTD), the coin is currently trading with a bullish influence, hinting at a positive trajectory in the days ahead.

RUNE price chart

 

THORChain (RUNE) price prediction

Looking forward to 2024, THORChain’s future seems promising, driven by the anticipation of the halving event and changing dynamics in the cryptocurrency market. The altcoin, currently sustaining above the 200-day EMA, showcases a resilient recovery path, fueling HODLers’ expectations of a potential price boom.

THORChain technical analysis

 

Technical indicators, including MACD and the Cross EMA 50/200-day, suggest a bullish momentum for RUNE/USDT. The MACD displays a constant green histogram with rising averages, while the Cross EMA 50/200-day acts as a reliable support level. These indicators hint at the potential for significant price action, with a likely attempt to test the December 2023 high of $7.0927.

However, the market remains sensitive, and if bears gain dominance, a trend reversal could see the price testing support around $4.147. RUNE’s quick reversals amidst market volatility make the chances of reaching higher levels astronomical.

The year 2024 holds significant potential, with successful updates and collaborations projecting a maximum price of $18.47. Conversely, failure to meet expectations might lead to liquidation, potentially dropping the price to $3.64, and settling at an…

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