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THORChain has made a strong recovery from the $0.49 zone and is now trading around $0.653.


But price is approaching a crucial resistance area near $0.66–$0.665. I’m expecting a possible rejection here, followed by a pullback toward $0.63–$0.62.
That’s the zone I’m watching for a potential long entry.
Momentum is strong, but RSI is already elevated, so a short-term correction wouldn’t surprise me.
My trading plan for $RUNE
Preferred entry: $0.63–$0.62, only after a confirmed bounce.
Stop-loss: $0.60
Targets: 0.65, 0.665, 0.68, 0.72
If buyers defend the $0.62–$0.63 zone, I expect another attempt toward $0.665 and potentially higher.
Don’t jump into the trade blindly. Let price pull back, show buyer strength, and then take the long.
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RUNERUNE-0.11%


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PhishScreenShoter
an hour ago
If it finds support on increased volume in the 0.63-0.62 range, it’s indeed a good entry point
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ContractComedian
an hour ago
A target of 0.72 is a bit optimistic, but taking profits in batches is indeed safer
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TrendFollower
an hour ago
Don't FOMO into chasing the highs; with this kind of setup, waiting for a pullback is the right move
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VolumePriceAnalyst
an hour ago
RSI is elevated and price is in a resistance zone, so a short-term correction is likely. Wait for a pullback before considering a move
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CrossChainNinja
an hour ago
Momentum is strong, but indicators are overheated—a classic precursor to divergence. Bullish with caution
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OptimismButler
an hour ago
Has there been any recent activity in the THORChain ecosystem, or is this purely a technical rebound?
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StopLossCoach
an hour ago
First Review
The plan is pretty clear; I’m just worried the pullback could be so deep that it breaks below 0.6
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