<strong><em>RUNE prices inflate sharply over the last two days as the resistance trendline fails to contain the underlying bullish momentum.</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>The RUNE prices jumped by 10.85% in the last 24 hours.</li>
 	<li>The bull run exceeds the 50-day average line.</li>
 	<li>The 24-hour trading volume of Thorchain is $293 Million, indicating a rise of 44%.</li>
</ul>
<h2>Past Performance of RUNE</h2>
<a href="https://coincodex.com/crypto/thorchain/" target="_blank" rel="nofollow noopener">RUNE price</a> trend had been contained within the resistance trendline, fueling the downtrend with the help of the 50-day SMA. However, the recent bullish reversal puts a stop to the bearish trend and breaches the resistance trendline, opposing SMA and the $2.50 mark. The buyers completed the mission by forming a bullish engulfing candle yesterday with a 22% jump.

<img src="https://s3.tradingview.com/snapshots/l/LRsAhiOy.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/LRsAhiOy/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2><span style="font-weight: normal;">RUNE Technical Analysis </span></h2>
RUNE price action shows the daily candle acting as the follow-through candle and preparing to reach the overhead resistance at $3. However, the higher price rejection suggests a delay in the uptrend. Hence, traders can expect the rally to slow down and lose some momentum over the week.

The RSI indicator shows an increase in the underlying bullishness as the slope spikes higher into the nearly overbought zone. Furthermore, the MACD indicator shows the fast and slow lines maintaining a bullish trend but lacks spread. Nonetheless, the momentum indicators showcase an increase in buying pressure and promote the possibility of uptrend continuation above $2.

In a nutshell, <a href="https://www.cryptoknowmics.com/news/thorchain-price-prediction-2022-2026-will-rune-price-hit-20-by-the-end-of-2022/">RUNE</a> technical analysis maintains a bullish bias and signals a buying opportunity for traders.
<h2><span style="font-weight: normal;">Upcoming Trend</span></h2>
The bullish trend continuation will help the market value of RUNE increase by 25% if it reaches the $3.5 supply zone. First, however, it must surpass the psychological mark of $3. Conversely, the reversal from $3 will lead to a retest of the broken horizontal level at the $2.50 mark.

<strong>Resistance Levels:</strong> $3 and $3.50

<strong>Support Levels:</strong> $2.50 and $2.25

RUNE Technical Analysis: Fasttrack Bullish Growth Soon To Touch $3

RUNE Technical Analysis shows prices inflating sharply over the last two days as the resistance trendline fails to contain the underlying bullish momentum.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

RUNE Technical Analysis: Fasttrack Bullish Growth Soon To Touch $3

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