PENDLE Shows Strong Momentum, While THORChain (RUNE) Price Targets New Highs – Here’s the Outlook
Prominent analysts Alice Crypto and Pedro Teixeira shared on X (formerly Twitter) that PENDLE and RUNE are positioned for potential gains backed by strong volume and promising chart patterns. Over the past day, PENDLE’s price has risen by 13.52%, while THORChain (RUNE) has recorded a 9.62% increase.
Alice Crypto underscores the possibility of volume-driven development in PENDLE, while Pedro Teixeira sees a bullish structure in RUNE that aims for higher resistance levels. Both experts emphasize the positive view.
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PENDLE Chart Analysis
Alice Crypto shared an update on PENDLE’s price, noting that the token is experiencing “good volume” and suggesting a potential gain of over 40%. The chart displays PENDLE in a clear uptrend, reinforced by a trendline that connects higher lows.
This trendline indicates strong buying interest at progressively higher levels. The price currently sits above $4.93 and appears to be targeting a resistance zone of around $7.02. If PENDLE breaks above this level with sustained volume, it could signal a continuation of the bullish trend.
The 4-hour chart further supports this outlook, showing a descending broadening wedge pattern. This structure, commonly associated with bullish continuations, suggests an imminent breakout.
Furthermore, a breach above the $5.00 level could lead to a near-term target of around $6.17, providing a shorter-term objective for traders. The combined daily and 4-hour analyses underscore a positive trend backed by volume, aligning with Alice Crypto’s prediction.
THORChain (RUNE) Price Primed for a Bullish Move
Pedro Teixeira shared his bullish outlook on RUNE’s price, describing it as “primed for a big move.” He identifies a series of higher highs and higher lows on the daily chart, indicating a well-supported uptrend.
A diagonal trendline runs beneath RUNE’s recent price actions, providing a level of dynamic support. Pedro Teixeira points to the $6.00–$6.50 range as a significant resistance zone. Should RUNE close above this area, it may open up further upward potential, aligning with Teixeira’s target levels of $7, $9, and eventually $12.
The RUNE chart also features shaded zones around $5.50, signaling areas of interest where traders could find potential entry points if the price retraces. Additionally, shaded blue regions represent Fibonacci retracement levels, indicating areas where buyers have historically shown interest. Volume remains a key factor in Teixeira’s analysis; if RUNE sees an increase in volume at higher price levels, it could validate the bullish structure.
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Volume and Momentum as Key Drivers
PENDLE and RUNE are benefiting from increased volume, which typically supports sustained price movement in the crypto market.
For PENDLE, volume is pushing the token toward a potential breakout level, while for RUNE, momentum and volume are critical in clearing resistance zones and reaching Teixeira’s higher targets. The emphasis on volume aligns with both analysts’ tweets, highlighting the role of buying pressure in confirming bullish trends.
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