Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Billionaire Stanley Druckmiller assigns $ 1,027,090,408 to three shares under the radar

2025-05-25

Ethena gets resistance to $ 0.378: Can this group help to restore a recovery?

2025-05-25

Bitcoin wins as the American labor market weakens: BTC as a safe haven confirmed?

2025-05-25
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Base TVL Spikes above $ 8b after Stablecoin Surge

    2025-05-25

    Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

    2025-05-24

    Archer Hunter Partners with tilted on chain gaming on Sei

    2025-05-24

    What is BNB chain Maxwell hardfork?

    2025-05-24

    Collect collaborations with Ecocreds to accelerate sustainability in chains

    2025-05-24
  • NFT

    Trump’s controversial memecoin dinner aroused mixed reactions from those present on

    2025-05-24

    NFT -turnover drops to $ 129.8 million, Avalanche Sales Surge 200%

    2025-05-24

    Alchemy acquires NFT Launchpad Heymint to speed up the development of Smart Wallet

    2025-05-23

    Delorean launches a car marketplace on the chains with Patrick Stewart

    2025-05-23

    Beratone NFT Avatars are now live on OpenSea

    2025-05-23
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Billionaire Stanley Druckmiller assigns $ 1,027,090,408 to three shares under the radar

    2025-05-25

    XRP risks fall to $ 1.55 if this level of support failed – analyst

    2025-05-25

    Bitcoin Nossedives 4% Because Donald Trump threatens rates for imported iPhones and EU products

    2025-05-24

    Billionaire Bill Ackman collapses $ 1,039,000,000 in a single active in large portfolio shift: report

    2025-05-24

    ETH starts his climb to a milestone of $ 3K

    2025-05-24
  • Learn

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»THORChain Hard Fork falls short – Can RUNE recover from the 70% drop?
Altcoins

THORChain Hard Fork falls short – Can RUNE recover from the 70% drop?

2024-09-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • In the last six months alone, the price of RUNE has fallen by 70%
  • Most technical indicators pointed to a trend reversal

THORChain [RUNE] recently underwent a major hard fork, one that brought new changes to the blockchain. However, the hard fork was not enough to fuel bullish sentiment in the market as the token soon registered a double-digit decline. That’s why it’s worth taking a closer look at what’s going on with RUNE.

THORChain’s newest hard fork

THORChain developers pushed their latest hard fork on September 4. The upgrade brought several new updates to the blockchain, such as removing outdated legacy code, upgrading the Cosmos SDK version, shortening node states for faster syncing, and adding support for Bitcoin Taproot addresses.

Although this hard fork brought some important changes, it failed to invite the market bulls. This is because the price of the token has fallen by 70% in the last six months. In the last seven days alone, the price of RUNE has fallen by double digits.

According to CoinMarketCapthe price of RUNE fell by 11% in just one week. At the time of writing, it was trading at $3.54 with a market cap of over $1.18 billion.

The bad news was that while the price of the token fell, trading volume increased. Typically, an increase in volume during a price decline acts as the basis for a bear rally. However, it was interesting to note that despite the price drop, RUNE’s weighted sentiment increased. This also indicated some semblance of bullish sentiment.

THORChain's social volume soaredTHORChain's social volume spiked

Source: Santiment

Social volume also increased, reflecting the token’s popularity in the crypto space.

See also  Bitcoin's Bull Run is confronted with a large test after the fall below $ 80k - BTC will recover if ...

Apart from that, AMBCrypto’s review of Coinglass data revealed yet another bullish signal. According to our analysis, RUNE’s long/short ratio increased. This indicated that there were more long positions in the market than short positions.

RUNE's long/short ratio has increasedRUNE's long/short ratio has increased

Source: Glassnode

What can you expect from RUNE?

AMBCrypto then checked the token’s daily chart to find out if the bulls can take over in the coming days. According to our analysis, RUNE’s price is consolidating within a parallel channel. However, there was better news.

The price of the token reached the lower limit of the Bollinger Bands, which often results in price increases. Moreover, the Relative Strength Index (RSI) also registered an upswing, indicating a soon bullish trend reversal.

Source: TradingView


Read THORChain [RUNE] Price prediction 2024-25


Finally, AMBCrypto’s analysis of Hyblock Capital’s data revealed the altcoin’s upcoming targets.

As suggested by the technical indicators, if the bulls take control, investors could witness RUNE reclaim $4.22 in the coming days. However, if the price continues to fall, the price could drop to $2.9.

Source: Hyblock Capital

Next: Unraveling the Road for NEAR: Will Bulls Turn the Tide?

Source link

Drop Falls fork hard Recover RUNE Short THORChain
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethena gets resistance to $ 0.378: Can this group help to restore a recovery?

2025-05-25

Taurus flag pattern Tips FET for $ 9.33 price target

2025-05-24

Sonic Defi Drain Accelerates – Has Smart Money left the station?

2025-05-24

$ 10 breakout or will Ozak AI surpass in 2025?

2025-05-24
Add A Comment

Comments are closed.

Top Posts

Is It Right Time To Buy Altcoins?

2023-08-07

The Bitcoin ETF race is on, here’s what’s going on

2023-12-30

Why Bulls Aim $1 or Higher

2022-10-18
Editors Picks

Crypto -Spirers deliver more than $ 9 billion in 2024 as AI Supercharges -Frude

2025-02-15

LAMINA1 forms an exclusive partnership with Interverse

2023-06-01

BobaBNB processes record-breaking 2.8 million transactions and surpasses 45,000 wallets in April

2023-05-11

Former SEC official says Coinbase is committing a ‘criminal act’ in defense against SEC

2023-06-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Billionaire Stanley Druckmiller assigns $ 1,027,090,408 to three shares under the radar

Ethena gets resistance to $ 0.378: Can this group help to restore a recovery?

Bitcoin wins as the American labor market weakens: BTC as a safe haven confirmed?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%