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RUNE Technical Analysis: Look Out for the Second and Third Resistance Levels of $5.29 and $5.75

RUNE has tested and broken out of the 23.6% FIB retracement level of $4.82. It may further break out of the 23.6% FIB extension level of $5.38. Thus, as of now, the bulls are strong. The price uptrend is likely to continue tomorrow as well.

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Thorchain is a 100% autonomous and decentralized liquidity protocol. It facilitates users to make crypto deposits and provides liquidity through yield farming. Users can also execute swap transactions on the Thorchain platform using web and desktop interfaces. RUNE is the native token of this ecosystem. Let us look at the technical analysis of RUNE.

Past Performance

On Jul 22, 2021, RUNE opened at $4.30. On Jul 28, 2021, RUNE closed at $4.66. Thus, in the past week, the price has increased by roughly 8%. In the last 24 hours, RUNE has traded between $3.90-$5.10.

https://d2si6ql5qrjfmp.cloudfront.net/wp-content/uploads/2021/07/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75.png

https://zephyrnet.com/wp-content/uploads/2021/07/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75.png

Day-Ahead and Tomorrow

Currently, RUNE is trading at $5.09. The price has increased from the day’s opening price of $4.66. Thus, the market seems bullish.

READ  THORChain Price Prediction 2021-2025: Is RUNE Set to Reach $5 by 2021?

The MACD and signal lines are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to rise further.

Currently, the RSI indicator is at 62%. It faced rejection at 55% and rose to the current level. Hence, buying pressures are high. High buying activity will exert upward pressure on the RUNE price.

However, the OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. Hence, the price may rise further.

In short, all three indicators have given bullish signals. Hence, the price is most likely to rise.

RUNE Technical Analysis

Currently, the price is above the first Fibonacci pivot resistance level of $5.01. The price may soon surpass the second and third resistance levels of $5.29 and $5.75, respectively.

READ  Report: Facebook Plans Cryptocurrency Payment Network akin to Bitcoin and XRP

The price has tested and broken out of the 23.6% FIB retracement level of $4.82. It may further break out of the 23.6% FIB extension level of $5.38. Thus, as of now, the bulls are strong. The price uptrend is likely to continue tomorrow as well.

#RUNE #Thorchain

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Source: https://www.cryptoknowmics.com/news/rune-technical-analysis-look-out-for-the-second-and-third-resistance-levels-of-5-29-and-5-75

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Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

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According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


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The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

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Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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AI

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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AI

Around 30% of Swing State Voters Want Bitcoin as Legal Payment Method: Poll

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13/?utm_source=rss&utm_medium=rss&utm_campaign=around-30-of-swing-state-voters-want-bitcoin-as-legal-payment-method-poll-13

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Cathie Wood’s Ark Invest Buys $89M Worth of TWTR After the Bitcoin Tips Integration

Published

on

According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed.

Texas and Wisconsin Rank First

The London-based polling firm Redfield & Wilton Strategies conducted a survey among over 9,700 eligible voters in 10 swing US states to determine their opinion on some of the latest cryptocurrency developments. Namely, those were California, Florida, Texas, Arizona, Wisconsin, Georgia, North Carolina, Ohio, Pennsylvania, and Virginia.

Asked whether they want their local authorities to legalize digital assets for payments, nearly one-third answered “yes.” Taking a closer look at the different states, Arizona residents seem the most skeptical, with 28% supporting the idea. On the other hand, Texas and Wisconsin head the statistics registering 37% in favor of the initiative.

The “Lone Star State” citizens topped another ranking as 42% would like to follow Wyoming’s crypto-friendly legislation where cryptocurrency transactions are free of taxes. Arizona (25%) bottomed that statistic as well.

Most of the states in the USA have been historically consistent in their votes and have never changed their either democratic or republican stance in the period between 2000 and 2016. However, there are 13 of them, known as swing or battleground states, that usually decide the results of each political campaign.


ADVERTISEMENT

The cryptocurrency development in recent years could be another factor that politicians should keep in mind, as Louisa Idel, head of insights at Redfield & Wilton, pointed out:

“If a party wants to catch these receptive voters, it should act swiftly – not only to beat the other party to the punch but also to preempt legislation that would prove difficult to reverse if enacted.”

Most Americans Have Heard only about BTC

While a significant chunk of the US society would like to see cryptocurrencies as a legal means of payment, it also needs to improve its knowledge on the matter.

According to the results, the majority of the voters have only heard or read about bitcoin. Over 60% of them have no knowledge about any other altcoins such as Ethereum (ETH). Even among those familiar with the primary digital asset, nearly 50% said they only knew “a little bit,” while less than 25% consider themselves knowledgeable on the topic.

On the question “Have you heard of cryptocurrencies before the poll?” 14% of Georgia’s residents answered with “no.” Awareness was the highest in Florida, where only 8% of the locals got familiar with digital assets after the survey.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coingenius.news/cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13/?utm_source=rss&utm_medium=rss&utm_campaign=cathie-woods-ark-invest-buys-89m-worth-of-twtr-after-the-bitcoin-tips-integration-13

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