Important Update: Binance Halts RUNE Network Upgrade – Key Information for Traders
Binance RUNE Suspension: Binance will temporarily suspend THORChain (RUNE) deposits and withdrawals starting at 5:00 p.m. UTC on November 20th to facilitate a network upgrade, while trading will continue unaffected.
Importance of the Upgrade: The RUNE network upgrade aims to enhance functionality and security, offering benefits such as improved transaction efficiency, lower fees, and better interoperability with other blockchain networks.
Preparation for Traders: Traders are advised to complete any RUNE transfers before the suspension and to monitor Binance announcements for updates on service resumption.
Post-Upgrade Expectations: After the upgrade, users can expect restored deposit and withdrawal services, potential new features, and improved network stability, which may positively impact token value and ecosystem growth.
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Technical Analysis for RUNE
Technical Sentiment Analysis for THORChain (RUNE) As of , THORChain (RUNE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 0.185 | 0.268 | 0.351 | 0.434 | 0.517 | 0.6 | 0.683 |
| Fibonacci | 0.268 | 0.331 | 0.37 | 0.434 | 0.497 | 0.536 | 0.6 |
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