THORChain (RUNE) and Curve (CRV) Technical Analysis: Bulls Hit a Wall?

THORChain and Curve prices might be bullish, but there is a need for move conviction. CRV might inch higher to $3.5 while RUNE is firm above $7.5.

THORChain (RUNE)

The THORChain protocol enables cross-chain trading of leading assets, including BTC powered by RUNE.

Past Performance of RUNE

The THORChain price is relatively stable, losing four percent on the last trading day versus the greenback as per the RUNE technical analysis.

From the daily chart, RUNE traders have the upper hand.

This is despite the contraction of RUNE coin prices on October 5, slowing down confident bulls.

Day-Ahead and What to Expect

The path of the least resistance is northwards as THORChain crypto bulls print higher in a breakout pattern.

In the short term, the immediate target for RUNE token prices is at $12—September 2021 highs.

On the other hand, losses below $7.5 might see RUNE coin prices spiral down to $6.5 in a retest.

THORChain Technical Analysis

Overall, THORChain coin prices are firm to the upside, confident of reclaiming $12.

Nonetheless, RUNE token prices ought to build on last week’s gains, reverse losses of October 5, angling for the immediate resistance level.

Meanwhile, a close below $7.5 and the minor support trend line might see RUNE recoil to $6.5 in sync with September 2021 losses.

Curve DAO (CRV)

The DAO DEX allows the trustless trading of various stablecoins, and CRV meets the platform’s governance needs.

Past Performance of CRV

Curve crypto prices are choppy. Nonetheless, CRV token buyers have the upper hand, printing higher along the main support trend line.

As per the CRV technical analysis, $2 forms a reliable support zone on the lower end, while a close above $3.5 would propel the CRV crypto to new H2 2021 highs.

Day-Ahead and What to Expect

There is hesitation for CRV token prices to build on last week’s gains.

Instead, prices are wavy in lower time frames, stalling on October 5.

In the short term, a close above this week’s highs would open the doors for CRV coin to soar to $3.5.

However, if there is no follow-through, CRV crypto prices might plunge back to the consolidation of early this week.

Curve DAO Technical Analysis

In the lower time frames, CRV crypto prices are relatively weak and might fall.

At present, CRV traders could, nonetheless, double down on dips targeting $3.5.

Even so, confirmation of October 5 losses might be the foundation for $2 or worse in the immediate term.

   
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