A brief technical and on-chain analysis on THORChain price. Here, FXStreet's analysts evaluate where RUNE could be heading next as it seems bound for higher highs.
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FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
Pepe edges higher, maintaining a near-term recovery tone seen over the last three weeks. Risk appetite among large wallet investors, commonly referred to as whales, for PEPE is rising, amid declining supply available on exchanges. Retail demand is also increasing, with PEPE futures Open Interest up 11% in 24 hours.
Bitcoin, Ethereum and Ripple are starting the week on a mild constructive note as the broader crypto market attempts to recover. BTC is approaching a key technical hurdle at $65,028, and ETH is holding above the important $1,800 support zone. Meanwhile, XRP continues to defend the $1.09 level, keeping its near-term recovery outlook intact.
Bitcoin remains capped below its 50-day EMA around $65,026. Pi Network and Pump.fun show steady recovery, outperforming other crypto assets over the last 24 hours. Bitcoin maintains a capped tone just under its 50-day EMA at $65,026 while remaining well below the 200-day EMA near $74,769.
