THORChain price struggles to get support at the lower level over the daily price chart.
RUNE crypto has slipped below 20, 50, 100 and 200-days Daily Moving Average.
The pair of RUNE/BTC is at 0.00006897 BTC with an intraday gain of 3.95%.
The price of THORChain is showing a strong negative trend on the daily chart and is struggling to maintain its current position. The price range of the RUNE cryptocurrency has stayed between $1 and $1.70. Due to getting caught by short sellers, the token is currently trading toward the lower range of the consolidation phase. Avoiding short sellers will help RUNE currency stay above the consolidation period’s lower range. To retake the token before it crosses over the lower range, RUNE bulls must band together. The token appears to be moving toward a higher price range under the influence of bulls, but during the intraday trading session, the accumulation rate needs to be increased.
THORChain’s market capitalization has grown by 1.81% over the last
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