THORChain(rune)market reviews and price predictions

THORChain market statement for 2022-09-24

Yesterday the price of rune stood at $1.66. The market capitalization of the asset was $498 146 870. THORChain’s volatility was established at 4.4%. The trading volume of the coin reached $65 410 680.

THORChain prognosis for the next days:

We estimate the price of THORChain to be $1.67 tomorrow 2022-10-06 and $1.74 on 2022-10-12;

We estimate the market capitalization of THORChain to reach $511 456 501 tomorrow 2022-10-06 and $498 898 184 on 2022-10-08;

We estimate the volatility of THORChain to become 3.84% tomorrow 2022-10-06 and 3.65% on 2022-10-08;

We estimate the trading volume of THORChain to amount to $53 092 278 tomorrow 2022-10-06 and $60 948 392 on 2022-10-08.

Our recommendation for the pair RUNE/USD for tomorrow, 2022-10-06, to buy.

THORChain(rune)week price prediction
6%
Price
Volatility
Capitalization
Volume
Aug 28Sep 04Sep 11Sep 18Sep 25Aug 28Sep 04Sep 11Sep 18Sep 251.601.701.801.902.001.601.701.801.902.00
Today's review

Slightly bearish : traders witnessed THORChain moving down 3% from September 18 till September 24.

Between September 18 - September 24, THORChain has been mostly bearish as its price has been in the falling mode. RUNE was caught in a period of low volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

Latest reviews

The market crumbled last week (September 17 - September 23) as THORChain lost 12%.

The price of THORChain was falling last from September 17 until September 23, giving enough reason to conclude that the market is bearish. The price swings of RUNE pointed to the presence of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.

THORChain slid down by 2% last week (September 15 - September 21) as the sellers pushed back.

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 asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

Bearish price action on September 13 to September 19 resulted in THORChain by 7%.

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. RUNE has been going through a period of medium volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

A 14% drop on the THORChain market last week (September 12 - September 18) signals that the sellers are gaining strength.

The price of THORChain was falling last from September 12 until September 18, giving enough reason to conclude that the market is bearish. RUNE was caught in a period of medium volatility, which was reflected in its price action. There has been a fall in the market capitalization of the asset during the period under review. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.

THORChain lost 10% in the period September 11 - September 17 as a result of selling pressure.

Between September 11 - September 17, THORChain has been mostly bearish as its price has been in the falling mode. RUNE has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

The capitulation of September 10 - September 16 : THORChain experienced a 16% dive.

The bearish behavior of THORChain last week was characterized by the occurrence of downswings. RUNE has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The capitulation of September 9 - September 15 : THORChain experienced a 13% dive.

THORChain has been bearish last week as its price has been predominantly falling. The situation on the RUNE market shows that the underlying asset is currently experiencing a period of medium volatility. 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 retraces by 4% in the period September 8 - September 14 as the market turns slightly bearish.

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 asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of decreased trading volume.

September 2 - September 8 market wrap: THORChain had a slight 4% drop.

Between September 2 - September 8, THORChain has been mostly bearish as its price has been in the falling mode. RUNE was caught in a period of low volatility, which was reflected in its price action. 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 from last week stemmed from the decreasing trading volume.

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