The post RUNE Price Reversal Breaks Pullback Trendline, Eyes 50% Hike appeared first on Coinpedia Fintech News
With a lower high formation trend, the RUNE price is challenging the dynamic resistance of the 50D EMA. Further, the increasing momentum in Thorchain as it sustains above the 200D EMA signals an intense bull run coming in for the altcoin.
As the uptrend is gaining momentum, the breakout run in Thorchain eyes crossing the overhead Fibonacci level for a sharp rise. So, Will Thorchain reach $100 in 2024 in the upcoming altcoin season? To answer such queries, read our RUNE price prediction now.
Will Thorchain Break Above $5?
Source- TradingView
Taking support from the 200D EMA, the RUNE price breaks above the pullback phase and challenges the 50D EMA. Further, the lower high formation leads to a support trendline in motion, that confirms an ascending triangle with the neckline at $5.
The bullish reversal from the 200D EMA presents an inverted head and shoulder with a neckline co
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