bullish

April

<ul class="wp-block-list">
 <li>RUNE shows promising signs of a breakout, with a potential 140% gain as prices move toward the $15.75 target.</li>  
 <li>After volatility, RUNE's price has stabilized, with analysts predicting continued bullish momentum toward key resistance levels.</li>  
 <li>Recent breakout signals renewed buying interest, with analysts forecasting further upward movement if resistance is broken.</li> 
</ul>  
RUNE (THORChain) is showing promising signs of an impending rally, with analyst Javon Marks predicting a potential surge toward $15.75. Recent price action suggests a smaller breakout is in motion, which could drive the token toward a +140% increase.&nbsp;  
<h2 class="wp-block-heading" id="h-market-trends-and-historical-analysis">Market Trends and Historical Analysis</h2>  
Between 2021 and early 2024, the price of RUNE fluctuated, reaching around $28,000 in late 2021 due to a strong upward trend. However,<a href="https://cryptonewsland.com/bullish-momentum-unlocks-key-target-level-127000/" target="_blank" rel="noopener noreferrer nofollow"> sustaining higher levels proved difficult</a>. RUNE had several lower highs in 2022, which completed a sharp decline beginning in April of that year. The market began stabilizing in late 2022 as a result of this protracted slump.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjwM05t4NOeahBc6KJucYakWPfKGVvQR0rWrNictw4YQnERtGM4wcNvuyiFr9yVM7fiKKPdq4u3sXZ397JzaghzSJtrRRbXmeVAD3CF7wKsHsw_oJFzjzSWT2v_d4xdQFyhsD1sQ?key=6_tkjxRKv-AcqBIsa7Sk-h4s" alt="">
</figure>  
Source: <a href="https://x.com/JavonTM1/status/1856134394383405084" target="_blank" rel="noopener noreferrer nofollow">Javon Marks</a>  
Prices found support at lower levels during this period, creating a solid foundation for potential future growth. Early 2023 marked the <a href="https://cryptonewsland.com/is-xrp-on-the-cusp-of-a-major-surge-historical-patterns-say-yes/" target="_blank" rel="noopener noreferrer nofollow">beginning of a renewed buying interest</a>, which lifted prices above previous resistance zones.&nbsp;  
This sparked hopes of a recovery, although prices remained below the 2021 highs. By mid-2023, $RUNE entered a consolidation phase, trading within a defined range before showing some modest recovery in late 2023.  
<h2 class="wp-block-heading" id="h-breakout-potential-and-analyst-forecast">Breakout Potential and Analyst Forecast</h2>  
Analyst Javon Marks believes that RUNE is preparing for a significant move. The token has steadied between 6,000 and 7,000, according to the price chart. A recent breakout, although smaller, suggests that the market may be ready to push higher. The current trend points to the possibility of a continuation towards the $15.75 target, offering a potential +140% return.  
Meanwhile, analyst Dona.Inj <a href="https://x.com/CryptoDona7/status/1856103224014483782" target="_blank" rel="noopener noreferrer nofollow">suggests</a> that RUNE’s future performance hinges on flipping key resistance levels. The chart shows that a dramatic market ascent followed a breakout after extended consolidation between support at 0.745 and resistance at 6.396. Consequently, the current bullish momentum could break through more resistance zones, creating further opportunities for growth. 
The post <a href="https://cryptonewsland.com/analyst-forecasts-potential-140-gain-to/" rel="noopener noreferrer nofollow">Analyst Forecasts Potential +140% Gain to $15.75, is RUNE Ready for a Breakout?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Analyst Forecasts Potential +140% Gain to $15.75, is RUNE Ready for a Breakout?

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