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Is THORChain (RUNE) Trending Lower or Higher Thursday?

Thursday, August 11, 2022 06:25 AM | InvestorsObserver Analysts
Is THORChain (RUNE) Trending Lower or Higher Thursday?

THORChain receives a strong long-term technical score of 94 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RUNE holds a superior long-term technical analysis score than 94% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Long-Term Technical - 94
InvestorsObserver is giving THORChain a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on THORChain!

Trading Analysis

The current trading price of $3.090000000 for RUNE is $0.2500000 (8.99%) above the tokens 100-day moving average of $2.840000000. RUNE meanwhile is $1.6400000 (-546.75%) above its 52-week low of $1.450000000 and -$14.17000000 (-40.03%) under its 52-week high price of $17.260000000. THORChain's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 94. The price movement and range of RUNE suggest that investors are neutral on the token at this time. THORChain currently has a total market cap of $1,022,274,305.26 to go along with its average daily volume of $1,092,577,222.18 worth of the currency over the past seven days. RUNE's volume is below its seven day average as of the past 24 hours, with 288,344,298.78 exchanged in that period. This token's subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.

Summary

Technical analysis of THORChain over the past year results in the crypto receiving a a strong long-term technical score of 94 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on THORChain (RUNE).

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