The price of THORchain (RUNE) has continued its downward slope. It has been consistently touching the top of a descending trendline as resistance.
RUNE price has gotten to that point again, hence the drop. If the pattern continues, we could see a drop below $3.2.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +The daily time frame relative strength index is at 42. It is not yet oversold and this could mean the price will have some more bearish run before any retracement.
BONK Breaks Down from Ascending Channel
The price of BONK has dipped by more than 20% in the past 1 week. The dip started after the price hit resistance at the top of an ascending channel at $0.00003335. The price from then dipped to the bottom of the channel.
Read Also: Why Cancelled SEC vs Ripple Meeting Shouldn’t Worry XRP Holders
However, the support this time failed to make the price bounce back. The sellers were able to successfully break below the support, kick-starting a bearish run.
The price could potentially dip to around $0.00002271. A break below that point should see a dip to $0.000019.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
