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Cryptocurrency News Articles

THORChain (RUNE) Price Prediction 2025: Can RUNE Recover After a 29.50% Drop?

Jan 10, 2025 at 08:50 pm

THORChain (RUNE) is exchanging at $3.41 right now on CoinMarketCap. The market mood feels cautious, though traders aren’t panicking, with the Fear & Greed Index sitting at a neutral 50.

THORChain (RUNE) Price Prediction 2025: Can RUNE Recover After a 29.50% Drop?

THORChain (RUNE) price today is $3.41 with a 24-hour trading volume of $102,333,333. RUNE price is down 29.50% in the past 7 days.

The Fear & Greed Index is at 50, indicating Neutral Fear.

In the past 30 days, the token had 14 green days, marking 47% of the time. The token had 114,305,808 circulating supply and a max supply of 500,000,000.

Further, the technical analysis of the token suggests a bullish scenario with the price expected to continue rising in the coming days.

However, the market mood feels cautious, though traders aren’t panicking, with the Fear & Greed Index sitting at a neutral 50.

Near-Term Projections Puts RUNE in the Woods

According to PricePrediction, THORChain is expected to climb to $4.19 by February 9, 2025. That would be a tidy 24.92% increase from today’s value if the prediction holds.

In the immediate future, prices are predicted to move between $3.22 and $3.46. January 15 might see the token peak at $3.46, but recent dips, including a 29.50% drop in the last week, show it’s not out of the woods yet.

The Long Game for Investors

Long-term investors could see brighter days ahead. By late 2025, RUNE might trade in a range between $3.22 and $11.10, averaging around $6.34.

For those thinking of investing $1,000 today, projections show you might be sitting on $2,261.22 by May 10, 2025. That’s a massive 226.12% return over a span of 119 days before fees.

2025 Price Expectations Month by Month

January looks like a calm start, with predictions ranging from $3.22 to $4.48. February is expected to pick up steam, pushing prices between $4.31 and $5.31, reflecting a stronger 55.99% return.

March might be the breakout month, with highs forecasted at $9.26. April could top that, as prices are projected to hit $11.10, bringing the year’s biggest return of 225.80%.

By May, prices are expected to range between $5.70 and $10.84, offering a return of 218.09%. June could see a dip, with forecasts between $4.34 and $6.15, leading to a lower return of 80.62%. July is expected to stabilize slightly, with prices ranging from $3.94 to $6.52, reflecting a 91.31% gain.

August could bring back the heat, with prices predicted to hit $7.62 and an impressive return of 123.56%. September’s range is expected to be between $5.49 and $6.96, offering a return of 104.42%. October might see another peak, with prices forecasted as high as $9.86, translating to a return of 189.33%.

The year closes with steady but moderate returns. November’s range is projected between $5.24 and $7.82, with a return of 129.68%. December wraps things up with prices expected to land between $5.24 and $6.12, reflecting a return of 79.64%.

Key Technicals and Takeaways

The 50-day simple moving average (SMA) at $5.65 points potential hurdles on the way up. On the flip side, the 200-day SMA of $4.89 hints at a positive long-term trend.

With the RSI sitting at 27.17, the token appears oversold. This could set the stage for a bounce if market sentiment improves.

THORChain’s picture might feel unsteady now, but patience could pay off. The potential for growth is there if you keep an eye on the market’s beat and play it smart.

News source:coinfomania.com

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Other articles published on Jan 11, 2025