RUNE Bounced Hard Off the Make or Break Support by scaredycatguide

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @scaredycatguide · Jul 31 '21

$25.92

RUNE Bounced Hard Off the Make or Break Support

A little over a week ago RUNE sold off hard to the 3.50 support area.  This area was so important because it marked the level where the coin's bull run started.

Though doing a full roundtrip is never a good thing, not falling below where it all started is probably just as important.

## A New Range???


![image.png](https://images.hive.blog/DQmectrhMJt3MQNZF4UANGeKRAbA2cB3aSLy91uKgWJbi2v/image.png)

Looking at the chart you can see alot of price action in the 3.50 to 6.90 range, which is quick a large amount of real estate percentage wise given the coin price.  However, after floating in there Feb-Apr and now again in June and July it represents alot of trading time for 2021.

It is safe to say there are plenty of buyers and seller in this range.

Price made a nice bounce off the 3.50 level and pushed right through the $5 level and is looking like the steam has run out as it neared the 6.90 area resistance.

It will be interesting to see what price does here, a little breather after such a strong bounce is perfectly sound.  Especially when that bounce cam on spiking volume, which is always a good thing to see on up moves.

With the mainnet being taken offline and all that jazz, the worst of it (catalyst-wise) may be behind for price, but one never knows.



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@scaredycatguide/rune-bounced-hard-off-the-make-or-break-support)

👍 jphamer1, buildawhale, themarkymark, yabapmatt, buggedout, bitcoinflood, edicted, empoderat, themonetaryfew, spectrumecons, danielsaori, tazi, brofi, ssjsasha, organduo, roleerob, captainhive, nateaguila, dmilliz, ivansnz, khaleelkazi, gogreenbuddy, thebluewin, sgerhart, arcange, rmsadkri, bananass, dcityrewards, toofasteddie, urun, forexbrokr, break-out-trader, videosteemit, daan, laputis, scooter77, scaredycatguide, sharkthelion, bozz, akertxu, emrebeyler, sbi8, freddio, makerhacks, laruche, pladozero, gualteramarelo, ibelin, jeanlucsr, leeyh2, mercurial9, elguille, megavest, whatageek, choogirl, melbourneswest, shanghaipreneur, mayor333, cbridges573, exyle, discohedge, mitchelljaworski, vegoutt-travel, dune69, and 269 others

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@abimbola753 · Aug 1 '21

fantastic performance here. it shows that the price can still bounce up bullishly again. i think it is safe to keep it for now for those that have the token and wait patiently till the price jump up.

what an awesome price from the chat.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@abimbola753/re-scaredycatguide-5ktrvk)

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@jerrythefarmer · Aug 2 '21

THORChain has been hit hard in the past few months and the whole network is halted. I see this as an amazing opportunity as the price will probably pick up the pace as soon as TC starts getting back online.

According to their [post-mortem](https://medium.com/thorchain/post-mortem-eth-router-exploits-1-2-and-premature-return-to-trading-incident-2908928c5fb) it should go something like this:

Network Restart (send RUNE, Bond, receive Block Rewards) — early August

BNB Chain online — August

UTXO Chains online — September

ETH Chain online — October

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jerrythefarmer/re-scaredycatguide-5k6kur)

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@mistakili · Jul 31 '21

23$ seems like such a long way home. But this is crypto. Crazy is the order of the day here. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/re-scaredycatguide-2arwzu)

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@revise.leo · Aug 1 '21

This is the one coin I hold a decent amount of that I'm now the most uncertain about! 

I was REALLY bullish - now since those hacks, $6 is feeling like a good price to offload some. 

But at the back of my mind..... those hacks are just part of the learning curve. 

Another one could finish them off when they come back after this break. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-scaredycatguide-4xulxb)

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@shortsegments · Aug 11 '21

So many good tokens and so little capitol.

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@slider2990 · Aug 2 '21

So much potential in so many coins.  Wish one would just provide instant riches already.  Oh well hodling for moon launch.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@slider2990/re-scaredycatguide-4u2nek)

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@tfranzini · Aug 1 '21

I'm still bullish on RUNE and I took this opportunity to add a little more.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tfranzini/re-scaredycatguide-yyelx)

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