THORChain (RUNE) Price Prediction 2022 – Will RUNE Hit $2 Soon?

THORChain (RUNE) Price Prediction 2022 - Will RUNE Hit $15 Soon?
  • Bullish RUNE price prediction is $1.461 to $3.786.
  • The RUNE price will also reach $2 soon.
  • RUNE bearish market price prediction for 2022 is $1.025.

In THORChain (RUNE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about RUNE to analyze the future movement of the cryptocurrency. 

THORChain (RUNE) Current Market Status

According to CoinGecko, the price of THORChain (RUNE) is $1.20 with a 24-hour trading volume of $282,863,624 at the time of writing. However, RUNE has decreased to 4.3% in the last 24 hours. 

Moreover, THORChain (RUNE) has a circulating supply of 300,700,561  RUNE. Currently, RUNE trades in cryptocurrency exchanges such as Binance, Kucoin, Kraken, Gate.io and Bybit.  

What is THORChain (RUNE)?

THORChain (RUNE) is the native utility token of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol. The project was born out of a hackathon that commenced in 2018. Its native token, RUNE, was first launched as a BEP-2 token and then later on as an ERC-20 token in 2019.

THORChain is built on Cosmos SDK and Tendermint protocol and uses a proof-of-stake (PoS) consensus mechanism. It also includes its native decentralized exchange (DEX) that enables users to swap tokens across different blockchains. THORChain DEX aids the inclusion of automated market makers (AMMs).

THORChain (RUNE) is used in staking, trading, security, governance and is provided as rewards to users.

THORChain (RUNE) Price Prediction 2022

THORChain (RUNE) holds the 100th position on CoinGecko right now. RUNE price prediction 2022 is explained below with a daily time frame.

RUNE/USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of THORChain (RUNE) laid out a Falling Wedge ,In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal.  

This pattern indicates a breakout in the price trend towards an upswing. 

From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, THORChain (RUNE) is in the range of $1.066.If the pattern continues, the price of RUNE  might reach the resistance levels of $1.744 and $3.051. If the trend reverses, then the price of RUNE may fall to $1.008.

THORChain (RUNE) Support and Resistance Levels

The chart below shows the support and resistance levels of THORChain (RUNE).

RUNE/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of THORChain (RUNE).

Resistance Level 1$1.461
Resistance Level 2$2.325
Resistance Level 3$3.786
Support Level$1.025
RUNE/USDT Support and Resistance Level

The charts show that RUNE has performed a bullish trend over the past month. If this trend continues, RUNE might run along with the bulls overtaking its resistance level at $3.786.

Accordingly, if the investors turn against the crypto, the price of the RUNE might plummet to almost $1.025, a bearish signal.

THORChain (RUNE) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of THORChain (RUNE) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of RUNE lies below the cutoff line, indicating weak participants in the current trend.

RUNE/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of THORChain (RUNE) is shown in the chart above. Notably,  the THORChain (RUNE) price lies below 50 MA (short-term), so it is in a downtrend. Currently, RUNE has entered a bearish state. Therefore, there is a possibility of a reversal trend of RUNE at any time.

Meanwhile, the relative strength index (RSI) of the RUNE is 28.65. This means that THORChain (RUNE) is in an oversold  state. However, this means a major price reversal of RUNE may occur in the upcoming days. So, traders need to trade carefully. 

THORChain (RUNE) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of THORChain (RUNE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

RUNE/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of THORChain (RUNE). Currently, RUNE lies in the range of 22.604, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of THORChain (RUNE). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of RUNE lies above 50, indicating high volatility. In fact, RUNE’s RSI is at 28.65, thus confirming a potential buy signal.

Comparison of RUNE with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and THORChain (RUNE).

BTC Vs ETH Vs RUNE Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of RUNE is similar to BTC to ETH. This indicates that when the price of BTC and ETH increases, the price of RUNE increases.When the price of BTC and ETH decreases,the price of RUNE decreases respectively.

THORChain (RUNE) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  THORChain (RUNE) might probably attain $4 by 2023.

THORChain (RUNE) Price Prediction 2024

With several upgrades in the network, THORChain (RUNE) might enter a bullish trajectory. If the coin grabs the attention of major investors, RUNE might rally to hit $6 by 2024. 

THORChain (RUNE) Price Prediction 2025

If THORChain (RUNE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, RUNE would rally to hit $8.

THORChain (RUNE) Price Prediction 2026

If THORChain (RUNE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, RUNE would rally to hit $10.

THORChain (RUNE) Price Prediction 2027

If THORChain (RUNE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, RUNE would rally to hit $12. 

THORChain (RUNE) Price Prediction 2028

THORChain (RUNE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, RUNE would hit $14 in 2028.

THORChain (RUNE) Price Prediction 2029

If investors flock in and continue to place their bets on THORChain (RUNE), it would witness major spikes. RUNE might hit $16 by 2029.

THORChain (RUNE) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in RUNE for the next 8 years and drive significant price rallies for the token. Hence, THORChain (RUNE) might hit $18 by 2030.

Conclusion

With continuous improvements in the THORChain Network, we can say that 2022 is a good year for RUNE. For this reason, the bullish price prediction of THORChain (RUNE) in 2022 is $3.789. On the other hand,  the bearish price prediction of THORChain (RUNE) price prediction for 2022 is $1.025.

Furthermore, with the advancements and upgrades to the THORChain ecosystem, the performance of RUNE would help to reach above its current all-time high (ATH) of $20.87 very soon. But, it might also reach $2 if the investors believe that RUNE is a good investment in 2022.

FAQ

1. What is THORChain (RUNE)?

RUNE is the native utility token of the THORChain platform. THORChain is a cross-chain decentralized liquidity protocol that deploys an automated market maker (AMM).

2. Where can you purchase THORChain (RUNE)?

THORChain (RUNE) has been listed on many crypto exchanges which include Binance, Kucoin, Kraken, Gate.io and Bybit.

3. Will THORChain (RUNE) reach a new ATH soon?

With the ongoing developments and upgrades within the THORChain platform, THORChain (RUNE) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of THORChain?

On May 19, 2021, THORChain (RUNE) reached its new all-time high (ATH) of $20.87.

5. Is THORChain (RUNE) a good investment in 2022?

THORChain (RUNE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of THORChain in the past few months, RUNE is considered a good investment in 2022.

6. Can THORChain (RUNE) reach $2?

THORChain (RUNE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then THORChain (RUNE) will hit $2 soon.

7. What will be THORChain (RUNE) price by 2023?

THORChain (RUNE) price is expected to reach $4 by 2023.

8. What will be THORChain (RUNE) price by 2024?

THORChain (RUNE) price is expected to reach $6 by 2024.

9. What will be THORChain (RUNE) price by 2025?

THORChain (RUNE) price is expected to reach $8 by 2025.

10. What will be THORChain (RUNE) price by 2026?

THORChain (RUNE) price is expected to reach $10 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.