THORChain Trading Resumes After Exploit Recovery
- Trading Resumption: THORChain announced on June 23 that trading has resumed after being offline for over a month, marking a successful recovery from a security exploit that drained approximately $10.7 million on May 15.
- Security Verification: Prior to the restart, THORChain verified every vault and checked all keyshares, implementing the v3.19.0 upgrade which added compromised vault quarantine and recovery logic, ensuring the security of trading activities.
- Market Reaction: Although RUNE token experienced only mild price movement on the restart day, trading at $0.419456 with a 0.2% drop over 24 hours, it has seen a 2% increase over the past week, indicating cautious optimism in the market regarding the resumption.
- Future Plans: THORChain is set to launch native swaps for Monero and Zcash post-restart, with ZEC support expected within two weeks, while dynamic fees and deeper liquidity are also in the pipeline, which will further enhance user trading experiences.
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Technical Analysis for RUNE
Technical Sentiment Analysis for THORChain (RUNE). As of , THORChain (RUNE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RUNE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, RUNE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
THORChain (RUNE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.289 | 0.331 | 0.364 | 0.406 | 0.439 | 0.481 | 0.514 |
| Fibonacci | 0.331 | 0.359 | 0.377 | 0.406 | 0.434 | 0.452 | 0.481 |
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