RUNE Price Looking Bearish in the Short-Term at Key Support Area

in LeoFinance2 years ago (edited)

The price of RUNE has been taken to the woodshed of late. Right now it is holding on to a key support area and not looking too strong.

I love RUNE in the long-term, but price action is bearish in the near-term and will be interesting if it can hold the 5.50 to 6.50 area.

The video below gets into all the details.

RUNE Price Looking Bearish..

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RUNE is a gem more precious than gold in the digital world and that will be proven in the long term. Great analysis and insight as always.

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Thank you

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I love RUNE in the long-term, but price action is bearish in the near-term and will be interesting if it can hold the 5.50 to 6.50 area.

Run is a potential coin for a long project lately is doing exactly what btc is doing as btc dominant once we see that support zone rejecting just as btc is currently rejecting 42k we might see a push up or probably push down to clear liquidity in any case we are to keep our head straight no action should be taken till there's confirmation of a buy.

I still have not even figured out how to buy $RUNE :)

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They have it on KuCoin and crypto.com I believe. I buy it there as (BEP2) and then send it to my asgardex wallet where I can upgrade it to native rune

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ok, cool. Thanks for the tip, always learning here !

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It's still have a positive impact to play an I believe it won't be a bad idea investing in it.

Hey kitty, we hope Rune Will supported by metamask on BSC.

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That is because Khal has not implemented it yet. When he does, the price will soar.

Khal is the RUNE leader. He can move the entire market.

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I normally don't pay too much attention to technical analysis, but you make it make sense so thank you for that. I'm a numbers a guy, but most people's TA makes little to no sense to me. Rune is highly oversold in my opinion.

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Thanks! It is a bit oversold, but that doesn't mean it has to bounce quite yet. Hoping it does though!

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Wen bounce? lol

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According to rsi, you will know that we are still at bearish trend. Many crypto are still selling.

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Yes, RSI still weak

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That's it

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Did you read about the Doge integration? Cool stuff

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Yes, bring on the normies!

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Thorchain is one the amazing crypto projects we have out there. What makes Thorchain even more distinct and unique is the fact that it is an immutable cross-chain DEX. The solutions the DEX provides can rarely be found on other DEXes.

Hence, it's native $RUNE might just be a very good investment to make. In essence, while we analysis $RUNE, we should pay more attention to its long-term potentials. Just like the author puts, "it is bearish but only for the near-term." Meaning, it's current price looks discounted.

NFA

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If BTC continues to crawl to the Underworld, then rune will possibly reach $3.

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Well, anything is possible!

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Last dip it was my go to coin...invested heavenly on it...hope get some return after incurring losses

Its all dead! get out!!