Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- THORChain is down -3.05% today against the US Dollar
- RUNE/ETH decreased by -2.90% today
- THORChain is currently trading 20.81% above our prediction on May 24, 2023
- THORChain dropped -26.14% in the last month and is down -61.48% since 1 year ago
| THORChain price | $ 1.16 |
| THORChain prediction |
$ 0.959352 (-17.23%) |
| Sentiment |
Bearish |
| Fear & Greed index |
48 (Neutral) |
| Key support levels | $ 1.15, $ 1.13, $ 1.10 |
| Key resistance levels | $ 1.20, $ 1.23, $ 1.25 |
RUNE price is expected to drop by -17.23% in the next 5 days according to our THORChain price prediction
According to our THORChain price prediction, RUNE is expected to reach a price of $ 0.959352 by May 24, 2023. This would represent a -17.23% price decrease for RUNE in the next 5 days.
RUNE Price Prediction Chart
What has been going on with THORChain in the last 30 days
THORChain has been displaying a negative trend recently, as the coin lost -26.14% in the last 30-days. The medium-term trend for THORChain has been bearish, with RUNE dropping by -34.58% in the last 3 months. The long-term picture for THORChain has been negative, as RUNE is currently displaying a -61.48% 1-year price change. On this day last year, RUNE was trading at $ 3.01.
THORChain reached its all-time high price on May 19, 2021, when the price of RUNE peaked at $ 20.98. The current RUNE cycle high is $ 1.97, while the cycle low is at $ 1.01. RUNE has been displaying low volatility recently – the 1-month volatility of the coin is at 8.32. THORChain recorded 11 green days in the last 30 days.
THORChain technical analysis for today – May 19, 2023
The sentiment in the THORChain markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 1.15, $ 1.13 and $ 1.10, while $ 1.20, $ 1.23 and $ 1.25 are the key resistance levels.
Bearish sentiment for THORChain
6 indicators are currently signaling a bullish prediction for THORChain, while 27 indicators are showing a bearish forecast. With 82% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for THORChain.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 48 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
THORChain moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how THORChain is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 1.18 (SELL) | $ 1.17 (SELL) | – | – |
| MA5 | $ 1.18 (SELL) | $ 1.18 (SELL) | – | – |
| MA10 | $ 1.19 (SELL) | $ 1.19 (SELL) | – | – |
| MA21 | $ 1.25 (SELL) | $ 1.24 (SELL) | $ 1.49 (SELL) | $ 1.46 (SELL) |
| MA50 | $ 1.41 (SELL) | $ 1.35 (SELL) | $ 1.72 (SELL) | $ 2.20 (SELL) |
| MA100 | $ 1.47 (SELL) | $ 1.43 (SELL) | $ 4.53 (SELL) | $ 3.19 (SELL) |
| MA200 | $ 1.46 (SELL) | $ 1.65 (SELL) | $ 3.39 (SELL) | $ 3.58 (SELL) |
| Period | Value | Action |
| RSI (14) | 33.03 | BUY |
| Stoch RSI (14) | 19.31 | BUY |
| Stochastic Fast (14) | 17.96 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 37.57 | BUY |
| Awesome Oscillator (5, 34) | -0.17 | NEUTRAL |
| Momentum (10) | -0.04 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -82.04 | BUY |
| Ultimate Oscillator (7, 14, 28) | 53.09 | NEUTRAL |
| VWMA (10) | 1.19 | SELL |
| Hull Moving Average (9) | 1.17 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.29 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for THORChain is at 33.03, suggesting that RUNE is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of THORChain over the last 50 days. Currently, THORChain is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the RUNE closing price for the last 200 days. RUNE is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this THORChain prediction
After considering the above factors, we can conclude that the current forecast for THORChain price prediction is Bearish. RUNE would have to decrease by -17.23% to hit our $ 0.959352 target within the next five days. Moving forward, it will be important to monitor the RUNE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term THORChain price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
