Thorchain Shows A Glimpse Of Hope, Are The Green Days Near?

• RUNE price could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment.
• RUNE looks strong on the low timeframe. 
• The price of RUNE attempts to break and hold above 8 and 20 EMA on the daily timeframe.

Thorchain (RUNE) has shown little or no recovery sign in recent weeks, but that could change as the price gears up for a rally against tether (USDT). Previous weeks for the crypto space have been slow as most altcoins, and major cryptocurrencies like Bitcoin (BTC) continued to move in a range. The month looks promising, with altcoins, including Thorchain (RUNE), bouncing off from their low with high hopes of a rally with the current shift in trend. (Data from Binance)

Crypto Market Outlook 

For most crypto projects as altcoins, including RUNE, the new month has b