Augur and ThorChain are building up momentum as per candlestick arrangements in the daily chart. RUNE/USDT may close above $7.5 while REP/USDT buyers are targeting $20.
With a TVL of around $1.8 million, the project is one of the most active predictions markets in Ethereum. REP is the protocol's primary token.
H1 2021 has been both hold and cold, an opportunity to reflect.
After surges of Q1 2021, bears revealed their steel in the second quarter to conclude what would, authoritatively, be a tough half for REP holders.
Bears wiped out gains of Q1 2021, pushing prices to late 2020 territory. REP is bottoming up as of writing, adding 12 percent versus the greenback on the last trading day.
REP/USDT prices are in green at the time of writing as bulls flow back.
Even so, technical candlestick arrangements favor sellers, since the middle BB is still the primary liquidation line.
Besides, the profound draw-down of Q1 2021 concludes a tough half for REP traders.
Still, REP buyers will be ahead of proceedings if $10 holds.
As of writing, REP buyers are ahead, bouncing back after the decimation of Q1 2021.
Accordingly, buyers may find an opportunity to ramp up on dips than losing below last week's lows and $10 poke holes to the uptrend.
The first reasonable buy target is around $20 and later $30.
The interoperable DEX addresses the impermanent loss problem. At the same time, it facilitates fast, trustless swapping of coins and tokens.
The uptrend is now on following RUNE triumphs in the last five trading days.
Although the downtrend may scare off some traders, RUNE's correction wasn't sharp as traders flow back, sensing opportunity.
At the time of writing, RUNE is up seven percent versus the USD.
Despite encouraging gains early this week, the middle BB holds as resistance, and May 19 losses embolden bears.
Nonetheless, a close above $7.5 may trigger a rally towards $22 in the days ahead.
RUNE/USDT prices are in range, capped within a $3 zone.
A close above $7.5 ultimately ushers a new era for RUNE bulls, who ambitiously target $22.
Leaning on caution, a dump down below $3.5 may see RUNE prices capitulate towards $1—or worse.