THORChain Technical Analysis: Will RUNE Prices Hold Above $1.75?

THORChain is recovering, adding 14 percent in the last trading day. Still, RUNE prices are inside a rising wedge below a critical liquidation level at $2.5. Past Performance of THORChain THORChain crypto is up 14 percent in the last trading day and is amongst one of the top-performing assets. RUNE token is currently above the middle BB but inside a rising wedge, indicating possible bullish momentum. However, prices remain below critical liquidation levels at $2.5 and $3.3, respectively. THORChain Technical Analysis The THORChain coin is bottoming up but still within an ascending wedge. The recent push above the middle BB must be confirmed further for a clear trend definition. Even so, because the recent wave higher from June 19 has rising trading volumes, risk-off traders can buy the dips. However, this preview is only valid if prices are above $1.75. Further gains places the next RUNE token target at $2.5, or June 25 highs. What to Expect from RUNE? THORChain is still technically bearish. Ideally, as per the RUNE technical analysis in the daily chart, buyers stand a chance as long as prices are above $1.75. Despite attempts higher, there must be a solid, high volume push above the middle BB and later, $2.5, for a clear trend definition.The post THORChain Technical Analysis: Will RUNE Prices Hold Above $1.75? appeared first on Cryptoknowmics-Crypto News and Media Platform.