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Technical analysis by alfra about Symbol RUNE: Buy recommendation (3/5/2025)

https://sahmeto.com/message/3296792
alfra
alfra
Rank: 364
3.2
Buy،Technical،alfra

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!

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$7.45
Stop Loss Price
$0.992
Price at Publish Time:
$1.21
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