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THORChain and Reserve Rights buyers are in the driving seat. RUNE may soar to $12 as RSR bulls drive prices beyond $0.04 to $0.11 in the medium term.
THORChain (RUNE)
The interoperable DEX depends on RUNE for governance and security.
Past performance of RUNE
The THORChain coin is one of the top performers in the top-10.
At the time of writing, the RUNE crypto is up 26 percent against the greenback.
Because of October 21 upswings, the THORChain token is now within a bullish breakout pattern.
Day-Ahead and What to Expect
The candlestick arrangement of the RUNE/USDT favors buyers in the short term.
After a period of horizontal consolidation, RUNE token buyers are flowing back, bouncing from $6.5, an important support line.
Considering increasing volumes, RUNE crypto prices may expand to $12 and $20 in the short term.
THORChain Technical Analysis
There is a resurgence of RUNE coin prices after periods of lower lows.
Accordingly, aggressive traders may find entries on pullbacks within October 21 trade range, targeting $12—which is September 2021 highs—and later $20.
Notably, this would be in sync with the bullish breakout pattern of the bull flag.
Also, this flashes with the 61.8 percent Fibonacci retracement of the July and August 2021 trade range. Losses below $6.5 invalidate the uptrend in RUNE.
Reserve Rights (RSR)
The RSR token helps in governance and stabilizing the Reserve Stablecoin (RSV).
Past Performance of RSR
The Reserve Rights token is firm to the upside, printing 13 percent against the USD on the last trading day.
The RSR crypto is within a $0.01 range with caps at $0.04 to the upside and $0.03 as the intermediate support.
Day-Ahead and What to Expect
The RSR token is bullish, edging higher in a defined uptrend.
While RSR coin traders may load the dips, expecting a close above $0.04, there might be more opportunities above the liquidation level.
In that case, RSR/USDT prices may float to $0.06 and $0.11 in buy trend resumption.
Reserve Rights Technical Analysis
The uptrend is valid and buyers are in the driving seat, as per the RSR technical analysis of the daily chart.
As mentioned earlier, every low may offer entries for traders targeting $0.04 in the short term.
Even so, a close above the liquidation line, ideally with high trading volumes validating the recent upswing, may see RSR more than double to $0.11 in the medium term.
Leaning on caution, a price shock unwinding gains of October 21 may see RSR/USDT slide back to $0.03 in a retest.