The price of THORchain (RUNE) has continued its downward slope. It has been consistently touching the top of a descending trendline as resistance.

RUNE price has gotten to that point again, hence the drop. If the pattern continues, we could see a drop below $3.2.

Next Big Airdrop?

Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!

Show more +Show less –

The daily time frame relative strength index is at 42. It is not yet oversold and this could mean the price will have some more bearish run before any retracement.

BONK Breaks Down from Ascending Channel

The price of BONK has dipped by more than 20% in the past 1 week. The dip started after the price hit resistance at the top of an ascending channel at $0.00003335. The price from then dipped to the bottom of the channel.

Read Also: Why Cancelled SEC vs Ripple Meeting Shouldn’t Worry XRP Holders

However, the support this time failed to make the price bounce back. The sellers were able to successfully break below the support, kick-starting a bearish run.

The price could potentially dip to around $0.00002271. A break below that point should see a dip to $0.000019.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post THORChain (RUNE) and BONK Meme Coin Prices Dipping: Here’s Why appeared first on CaptainAltcoin.