Technical analysis by alfra about Symbol RUNE: Buy recommendation (3/5/2025)
https://sahmeto.com/message/3296792

alfra
Rank: 34678
Analytical Power:
0.7
Rune - Thorchain: A Mid-Term Opportunity Too Good to Ignore
:Buy
Price at Publish Time:
$1.21
Profit Target:
(+514.81%)$7.45
Stop Loss Price:
(-18.12%)$0.992

Thorchain (RUNE) presents a compelling short-to-midterm opportunity that’s hard to pass up. Despite reports suggesting that North Korean hackers have used it to launder stolen Ethereum, the technical indicators are extremely bullish. Volume: One of the highest levels we've seen in a long time. RSI: Oversold on the weekly chart, signaling a strong potential for a rebound. Midterm Target: A 5x to 6x increase. This looks like the best buying opportunity at the moment—unless I’m overlooking something fundamental. If I am, feel free to share your thoughts in the comments. Thanks!
Source Message: TradingView