$RUNE quick research note, not a hype thread.
THORChain is being priced like a narrative reset, not just a candle trade.
Price: $0.4460
Market cap: $150.7M
Rank: #192
FDV: $0.0000
7d / 30d: +1.5% / +12.9%
The part I care about:
Circulating ratio is about 95.5%, so supply pressure belongs in the valuation debate.
Daily trend: Bullish 📈
RSI: 57.6
Support: $0.4200
Resistance: $0.4600
My read: if $RUNE reclaims resistance, the market starts paying for the story again. Lose support, and I would rather wait than be early. NFA.
Is $RUNE undervalued here, or just another bounce trap?
THORChain is being priced like a narrative reset, not just a candle trade.
Price: $0.4460
Market cap: $150.7M
Rank: #192
FDV: $0.0000
7d / 30d: +1.5% / +12.9%
The part I care about:
Circulating ratio is about 95.5%, so supply pressure belongs in the valuation debate.
Daily trend: Bullish 📈
RSI: 57.6
Support: $0.4200
Resistance: $0.4600
My read: if $RUNE reclaims resistance, the market starts paying for the story again. Lose support, and I would rather wait than be early. NFA.
Is $RUNE undervalued here, or just another bounce trap?