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THORChain (RUNE) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Wednesday: What's Next?

Wednesday, June 29, 2022 06:45 AM | InvestorsObserver Analysts
THORChain (RUNE) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Wednesday: What's Next?

THORChain (RUNE) gets a bearish rating from InvestorsObserver Wednesday. The crypto is down 8.51% to $1.93 while the broader crypto market is down 4.64%.

Sentiment Score - ,
THORChain has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on THORChain!

Bearish

Over the last five days, THORChain has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of THORChain over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

THORChain is currently trading near its five-day low of $1.76708114147186. The crypto is 21.16% off its five-day high and is 9.22% higher than its five-day low of $1.77.

THORChain price is currently below support. With support set around $1.99 and resistance at $2.19, THORChain is potentially in volatile territory as selling pushes the crypto's price below recent support.

THORChain has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on THORChain

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