THORChain ($RUNE) Crypto Forecast: Up 15.1% Today

What is THORChain?

RUNE is a cryptocurrency token associated with the THORChain platform, known for its decentralized liquidity protocol.

Why is THORChain going up?

RUNE crypto is up 15.1% on Jan 17, 2025 20:41

• RUNE experienced a strong bullish movement today, likely driven by the overall positive sentiment in the cryptocurrency market.
• The surge in Bitcoin, Ethereum, and Dogecoin towards new highs may have contributed to increased investor confidence and interest in alternative tokens like RUNE.
• With XRP dwindling, investors might be diversifying their portfolios into other cryptocurrencies like RUNE, seeking better opportunities and returns.
• The weekend ahead could provide further momentum for altcoins, including RUNE, as traders anticipate potential market developments and opportunities for growth.

RUNE Price Chart

RUNE Technical Analysis

RUNE News

Bitcoin, Ethereum, Dogecoin Chasing New Highs But XRP Dwindling: 'Weekend Probably Gives Alts Breathing Room,' Trader Says

Bitcoin, Ethereum, Dogecoin Chasing New Highs But XRP Dwindling: 'Weekend Probably Gives Alts Breathing Room,' Trader Says

https://www.benzinga.com/markets/cryptocurrency/25/01/43066282/bitcoin-ethereum-dogecoin-chasing-new-highs-but-xrp-dwindling-weekend-probably-gives-alts-?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

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THORChain Price History

09.00.2025 - RUNE Crypto was down 9.8%

• RUNE's bearish movement today can be attributed to the broader market trend of cryptocurrencies dipping, as highlighted by Bitcoin, Ethereum, and Dogecoin also experiencing lower prices.
• The correction in the market is seen as short-lived by traders, but the preference to avoid certain price levels, such as $89,000 to $90,000 for Bitcoin, may have added to the selling pressure on assets like RUNE.
• Investors are closely watching for potential catalysts in the crypto space, which could have heightened sensitivity to price fluctuations and contributed to the downward pressure on tokens like RUNE.
• The overall sentiment in the market, as influenced by events like the Jupiter Airdrop update and the second hearing of Do Kwon, may have also played a role in shaping investor behavior towards riskier assets like cryptocurrencies, including RUNE.

07.10.2024 - RUNE Crypto was up 5.1%

• RUNE had a strong bullish movement today, rebounding after a recent pullback, showcasing resilience in the face of market fluctuations.
• The panic sell-off by a whale caused volatility in the token's price, but the subsequent recovery indicates that the market sentiment remains positive towards RUNE.
• Despite a false breakout leading to a temporary price decline, the overall trend for RUNE seems to be bullish, with investors showing confidence in the token's long-term potential.
• The broader cryptocurrency market's wobbling due to looming election results has not deterred the bullish movement of RUNE, suggesting that the token's performance is driven more by its internal dynamics than external factors.

07.00.2025 - RUNE Crypto was down 8.6%

• The bearish movement in RUNE today could be attributed to profit-taking by investors after a recent price surge.
• The lack of specific positive catalysts may have contributed to a lack of buying interest in RUNE, leading to the bearish movement.
• Uncertainty in the broader cryptocurrency market due to regulatory concerns or macroeconomic factors could have also played a role in the downward pressure on RUNE.
• Traders might be cautious and waiting for more clarity on upcoming events before re-entering positions in tokens like RUNE.

08.00.2025 - RUNE Crypto was down 11.1%

• RUNE likely followed the broader market trend and faced a bearish movement due to profit-taking and a general market correction.
• The top crypto catalysts and news updates this week may have influenced market sentiment, contributing to the bearish movement in RUNE.
• Traders' cautious approach, as highlighted by the preference to avoid specific price levels in Bitcoin and Ethereum, might have added to the selling pressure on tokens like RUNE.
• The ongoing developments in the crypto space, such as the Jupiter Airdrop update and Do Kwon's second hearing, could have introduced uncertainty, leading to a bearish sentiment among investors.

22.11.2024 - RUNE Crypto was down 6.7%

• A projection of a 125% rally for RUNE did not materialize as the token experienced a strong bearish movement today.
• There have been conflicting reports about RUNE, with one mentioning a price jump and another a review, potentially causing confusion among investors and leading to profit-taking and a bearish trend.
• Market sentiment and overall cryptocurrency market conditions could have also influenced RUNE's bearish movement, as traders may have been swayed by broader market trends rather than specific news about the token.

19.10.2024 - RUNE Crypto was down 5.5%

• Despite THORChain's increasing mindshare, RUNE's price took a bearish turn today.
• The discrepancy between THORChain's positive sentiment and RUNE's price drop could be due to profit-taking by investors.
• Market participants might be concerned about external factors impacting the token's price, leading to the bearish movement.
• It's possible that traders are reacting to technical indicators or market sentiment, causing the downward pressure on RUNE's price.

21.11.2024 - RUNE Crypto was down 7.0%

• Despite an optimistic projection of a 125% rally, RUNE experienced a strong bearish movement today.
• The discrepancy between the projection and the actual market movement could be attributed to profit-taking by short-term traders, leading to a temporary price decline.
• Market sentiment may have shifted due to external factors such as regulatory concerns or overall market uncertainty, impacting the price of RUNE negatively.
• Investors should closely monitor RUNE's price action in the coming days to assess whether the bearish movement is a temporary correction or a more sustained trend.

17.00.2025 - RUNE Crypto was up 15.1%

• RUNE experienced a strong bullish movement today, likely driven by the overall positive sentiment in the cryptocurrency market.
• The surge in Bitcoin, Ethereum, and Dogecoin towards new highs may have contributed to increased investor confidence and interest in alternative tokens like RUNE.
• With XRP dwindling, investors might be diversifying their portfolios into other cryptocurrencies like RUNE, seeking better opportunities and returns.
• The weekend ahead could provide further momentum for altcoins, including RUNE, as traders anticipate potential market developments and opportunities for growth.

15.00.2025 - RUNE Crypto was up 8.7%

• Strong bullish movement seen in RUNE today despite drop in Bitcoin and other altcoins like INJ.
• Consideration by an investment firm for new digital assets may have positively impacted investor sentiment towards altcoins, including RUNE.
• Potential future inclusion of altcoins in investment products could indicate increasing institutional interest in the cryptocurrency space, boosting confidence in assets like RUNE.
• RUNE's resilience and potential for future investment opportunities appear to have driven its bullish performance today.

10.00.2025 - RUNE Crypto was down 6.2%

• The bearish movement in RUNE could be attributed to the broader market trend of cryptocurrencies dipping.
• Consideration of new digital assets by Grayscale for investment products may have shifted investor focus away from existing tokens like RUNE, leading to a sell-off.
• The overall sentiment in the crypto market, with Bitcoin dropping below $95K and other tokens like RUNE and INJ also falling, could have created a sense of uncertainty among investors, prompting them to offload their positions in various cryptocurrencies.
• Investors might be closely monitoring the top crypto catalysts to assess the potential impact on their investments, which could have influenced the selling pressure on tokens like RUNE.

10.00.2025 - RUNE Crypto was down 9.4%

• RUNE and INJ both experienced significant bearish movements, dropping by 11%.
• Investor focus may have shifted from existing tokens like RUNE due to Grayscale's exploration of new digital assets for investment products.
• The market downturn, affecting Bitcoin, Ethereum, and Dogecoin, could have contributed to the decline of RUNE.
• Various crypto catalysts and news updates circulating might have influenced investor sentiment and market trends, potentially leading to the bearish movement of RUNE today.

10.00.2025 - RUNE Crypto was up 5.2%

• Consideration of new digital assets for investment products by a prominent entity could have sparked investor interest in alternative cryptocurrencies like RUNE.
• Despite the overall market dip, the potential investment opportunities in altcoins by a well-known investor could have led to increased demand for tokens like RUNE.
• Investors may view the potential expansion of a well-known investment portfolio as a positive sign for the broader cryptocurrency market, contributing to the bullish movement of assets like RUNE.
• The temporary dip in Bitcoin and other major cryptocurrencies could have prompted traders to seek opportunities in altcoins like RUNE, driving up its value.