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THORChain (RUNE) is still bullish despite recent setbacks, with the current price action showing a recovery rally is in play. With a sustained overall bullishness, investors anticipate a significant surge in the RUNE market capitalization during the next bull run.
I've written a ton of articles about $RUNE in the past but now I'm writing a lengthy investment thesis on @THORChain #RUNE and why I believe it will reach a $25B MCAP in the next bull run
Stay tuned
— Khal (@khalkaz) October 20, 2023
Meanwhile, a new crypto presale in the market, Meme Kombat, is curving its epic saga as forward-looking investors capitalize on early entry benefits. It is among the best crypto presales to invest in now for 10X gains in 2023.
Meanwhile, investors are very bullish about THORChain, anticipating more gains for RUNE following the recent higher highs.
$RUNE is looking good on the charts and could be poised for a move up. The price has been forming higher highs and higher lows.
Keep an eye on Rune in the coming months, as it could be one of the top performers in the cryptocurrency #Rune #TechnicalAnalysis #Cryptocurrency pic.twitter.com/8qsFrrBv5a— Block Magic ✨ (@Billionaire2043) October 21, 2023
However, THORChain is among the top gainers, recording a surge of more than 10% in the last 24 hours.
#Defi Biggest #PriceMovers:
📈GAINERS@chainlink (#LINK): +26.3%@thorchain_org (#RUNE): +10.8%@compoundfinance (#COMP): +8.7%
📉LOSERS@DMMDAO (#DMG): -28.6%@SwitcheoNetwork (#SWTH): -3.6%@0xProject (#ZRX): -3.1%
✅Updates in 24h#DefiNews pic.twitter.com/7w6vbJesBC
— 🌐 𝐃𝐄𝐅𝐈 𝐍𝐄𝐖𝐒 🌐 (@Definews_Info) October 22, 2023
Data according to CoinMarketCap shows that over the last 24 hours, RUNE trading volume has increased by over 50%. Notably, the daily gains have catapulted THORChain’s market capitalization slightly above the $616 million mark.
THORChain Price Forecast As RUNE Holds 1-day Support With A Bullish Engulfing Candlestick
At the time of writing, THORChain price is $1.814, holding above the $1.639 support with a bullish engulfing candlestick. For the layperson, a bullish engulfing pattern is a candlestick pattern that appears when a small red candlestick is followed the next day by a large green candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick.
This technical formation often signals reversals when four or more red candlesticks precede them. To avoid fake signals, a trader must look to the two candlesticks that form the bullish engulfing pattern and the preceding candlesticks.
Increased buying pressure above current levels could see the THORChain price tag at the immediate resistance level of $1.955. Further north, the RUNE token value could extend to the forecasted take profit for the longs at around $2.048. Such a move would constitute a 15% surge above current levels.
In a highly bullish case, THORChain price could extrapolate the gains to breach the $2.200 psychological level, potentially going as high as the range of $2.267.
Momentum indicators support the case to the upside, with the Relative Strength Index (RSI) above the 50 level and edging north. This points to rising momentum. Also, the Awesome Oscillator (A) histogram bars are turning green to show bulls are steadily gaining ground. This adds credence to the bullish thesis.
On the other hand, conscious that the AO indicator is still in the negative territory, bears still have a presence in the market. Even so, it is worth mentioning that the AO tends to lag relative to the RSI indicator, suggesting this indicator should not be a concern just as yet.
Nevertheless, if selling pressure increases, possibly due to profit-taking, THORChain price could drop below the immediate support at $1.639. This would mean after hitting the stop losses of the longs at around $1.646. In the dire case, it could extend to the take profit levels of shorts at $1.497.
While longs and shorts calculate their positions for THORChain price, investors are also looking at MK. This is the powering token behind the Meme Kombat ecosystem, and analysts say it could be the next PEPE.
THORChain Alternative
MK is on the front row seats when considering promising alternatives to THORChain, presenting a stake to earn an ecosystem for willing investors. The project allows participants to contend in the arena, with the option to choose their meme character. You can pick one to fight alongside you. The rest are against you.
You can pick one to fight alongside you, the rest are against you.
Who you picking? ⚔️ pic.twitter.com/sZOGmoFEss
— Meme Kombat (@Meme_Kombat) October 17, 2023
The hallmark of the Meme Kombat project is to provide an innovative gaming platform tailored to suit the needs of gaming enthusiasts. From active betting to passive staking, there are rewards for all users.
No BS.
Kombat is only for the most honorable⚔️
Catch the full video from @cryptonews down below⏬ pic.twitter.com/nLtzJm78K5
— Meme Kombat (@Meme_Kombat) October 16, 2023
Investors looking to increase their income on the Meme Kombat project can do so through its unique staking function. Here, you can enjoy remarkable staking rewards with Annual Percentage Yields (APY), or returns as high as 112%, like nothing you have seen before.
What do you say? 🤔
Should we do more kompetitions? And if so, what would you like to see? $MK #MemeKombat pic.twitter.com/bd2eg70olP
— Meme Kombat (@Meme_Kombat) October 16, 2023
Interested investors can head to the Meme Kombat website to buy MK tokens, with three options on the table. You can use your bankcard or buy using Ethereum (ETH) or Tether (USDT) stablecoin. Here is a review of the Meme Kombat project by Oscar Ramos, a YouTuber anticipating 10X growth potential. Other analysts have also joined Ramos in his optimism for MK.
The project is in the second phase of the presale after stage one allocation sold out successfully. Notably, even stage two is due to end. Hurry to avoid missing out and buy MK tokens at rates as affordable as $0.1667. So far, presale collections are nearing the $635,000 mark. Do not miss out for any reason.
Visit and buy Meme kombat’s MK tokens here
Also Read:
- Fastest Growing Stake-to-Earn Meme Crypto Raises Over $100k In Presale
- Hottest New Stake-to-Earn Gaming Meme Crypto Launches Presale – Meme Kombat
- New Stake-to-Earn Meme Coin Presale Raises $290K – Next 10X Crypto To Explode
- PEPE Price Prediction – Is It The End For Pepe Coin? Meme Kombat Could Be The Next Big Meme Coin
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
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