THORChain (RUNE) Coin Price Prediction 2024, 2025 and 2030

Bittime - THORChain (RUNE) is one of the cryptocurrencies that has attracted the attention of investors since the switch to its own blockchain in June 2022. After experiencing a difficult period, RUNE began to show recovery in July 2023. 

With the introduction of new lending protocols in August 2023 and a partnership with Binance in September 2023, RUNE prices began to soar. 

This article will discuss THORChain price predictions for 2024, 2025, and 2030 based on technical analysis and prediction methods used.

THORChain Price Prediction 2024

In July 2024, the price of RUNE reached $4.66 after reaching a peak of $11.46 in March 2024. However, the price experienced a correction. Based on fractal and wave count methods, RUNE price predictions for the end of 2024 vary. 

The fractal method predicts that the price of RUNE will reach $23, while the wave count method predicts a more conservative price at $12. 

Both methods reflect the possibility that RUNE still has upside potential, although volatility remains a factor to watch.

THORChain Price Prediction 2025

2025 is expected to be a correction period for THORChain. Based on wave count and fractal analysis, the predicted price of RUNE at the end of 2025 is between $6.50 to $8.50. 

This correction is predicted to occur after the peak of the increase in late 2024, where investors may start taking profits, causing prices to decline.

THORChain Price Prediction 2030

Looking at the long term, THORChain is predicted to experience significant growth until 2030. 

Using the average daily rate of increase over the past four years, the predicted price of RUNE at the end of 2030 is in the range of $52 to $78. 

This reflects substantial growth potential, although market volatility will remain a major challenge.

Technical Analysis

Source: TradingView

In July 2024, technical analysis shows that RUNE has broken out of the descending resistance trend line since March, indicating the potential for further upside. The weekly RSI indicator is at 47, signaling a short-term bearish trend. 

However, if the price is able to break the resistance at $7.50, a long-term bullish trend could be established.

Conclusion

THORChain (RUNE) is a project that has great potential in the future, especially with the introduction of a new lending protocol and partnership with Binance. 

Although 2025 is predicted to be a period of correction, the long-term outlook for 2030 remains optimistic. Investors interested in RUNE should be prepared for market volatility but also be able to consider the long-term profit potential.

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