THORChain(rune)market reviews and price predictions
THORChain market statement for 2023-03-26
Yesterday the price of rune stood at $1.41. The market capitalization of the asset was $417 872 245. THORChain’s volatility was established at 1.44%. The trading volume of the coin reached $39 999 670.
THORChain prognosis for the next days:
We estimate the price of THORChain to be $1.35 tomorrow 2023-03-28 and $1.4 on 2023-04-03;
We estimate the market capitalization of THORChain to reach $433 334 224 tomorrow 2023-03-28 and $427 136 422 on 2023-03-30;
We estimate the volatility of THORChain to become 2.21% tomorrow 2023-03-28 and 1.47% on 2023-03-30;
We estimate the trading volume of THORChain to amount to $76 059 904 tomorrow 2023-03-28 and $66 250 230 on 2023-03-30.
Our recommendation for the pair RUNE/USD for tomorrow, 2023-03-28, to sell.
Down by 1% : The THORChain market saw some bearish action last week (March 20 - March 26).
The analysis of last week’s price action shows that the THORChain market is in the phase since the price has been moving downward. The volatility associated with the RUNE market was low, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
THORChain lost 7% in the period March 19 - March 25 as a result of selling pressure.
The price of THORChain was falling last from March 19 until March 25, giving enough reason to conclude that the market is. The volatility associated with the RUNE market was low, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
THORChain exploded by 21% in the period of March 11 - March 17 as the buyers got an upper hand.
The analysis of last week’s price action shows that the THORChain market is in the phase since the price has been moving upward. The situation on the RUNE market shows that the underlying asset is currently experiencing a period of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Bearish response: The THORChain price melts by 3% between March 7 and March 13.
THORChain has been bearish last week as its price has been predominantly falling. The volatility of RUNE has been medium throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
THORChain analysis March 6 - March 12 : bears in all-out attack as the price collapses by 16%.
The price of THORChain was falling last from March 6 until March 12, giving enough reason to conclude that the market is bearish. The volatility of RUNE has been medium throughout the reviewed period in correspondence with the price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The market crumbled last week (March 5 - March 11) as THORChain lost 21%.
THORChain has been bearish last week as its price has been predominantly falling. The volatility of RUNE has been medium throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The March 4 - 10 market report: THORChain plunges by 18% as sellers apply more pressure.
The downward movement of the THORChain price last week indicates the chosen market is bearish. The situation on the RUNE market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
THORChain lost 7% in the period February 28 - March 6 as a result of selling pressure.
The bearish behavior of THORChain last week was characterized by the occurrence of downswings. The situation on the RUNE market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
THORChain lost 6% in the period February 25 - March 3 as a result of selling pressure.
The analysis of last week’s price action shows that the THORChain market is in the bearish phase since the price has been moving downward. The volatility associated with the RUNE market was medium, as were its price fluctuations. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
THORChain slid down by 3% last week (February 23 - March 1) as the sellers pushed back.
The price of THORChain was falling last from February 23 until March 1, giving enough reason to conclude that the market is bearish. RUNE was caught in a period of low volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin last week took place on the back of decreased trading volume.