Will Toncoin, Render, and Thorchain Rise from the Crypto Ashes in 2025?

by

Ah, the crypto bull market! A whimsical creature, much like a capricious cat, it has chosen to ignore the poor altcoins, leaving them to languish in the shadows of Bitcoin‘s glorious spotlight. One might wonder, is there a glimmer of hope for our dear friends $TON, $RENDER, and $RUNE? Or are they destined to remain the wallflowers at this digital dance?

A bull market that’s more of a stubborn mule

Gone are the days when altcoins would soar like a kite in a storm, riding the coattails of Bitcoin’s pauses. Oh, the sweet nostalgia of yesteryears when fortunes were made on little more than a whisper and a prayer! Back then, crypto was a fresh-faced lad, and investors were like children in a candy store, eyes wide with dreams of riches.

Now, as we trudge through the bull market of 2024/2025, investors have donned their skeptical hats. Sure, there’s still some wild speculation, but it’s mostly confined to the realm of Memecoins, where gains are as unpredictable as a cat on a hot tin roof.

For the altcoins that once basked in the limelight, however, the situation is less than rosy. $TON, $RENDER, and $RUNE still hold a place in the hearts of many, thanks to their promising technology and use cases. But can they claw their way back to the heights they once knew? The suspense is palpable! 🎭

$TON: A return to the launch price? Oh, the irony!

Ah, $TON, the young upstart of the crypto world, born in late 2022. It had a brief moment of glory, soaring nearly 300% to a dazzling $8.28 in early 2023. But alas, like a soap opera star, it has since fallen from grace, returning to the very price it launched at, as if to say, “Remember me?”

But wait! Could it be that the bottom has been reached? A flicker of hope shines as it bounces off a descending trendline, and the RSI, that fickle friend, has hit a low not seen since its debut. Perhaps, just perhaps, there’s a chance for $TON to rise again, if the bull market decides to stick around for a while. But let’s not get our hopes too high; after all, a bounce is one thing, but reaching those all-time highs? That’s a tall order! 🎢

Hope springs eternal for $RENDER

Now, let’s turn our gaze to $RENDER, whose chart resembles a sad poem. It has broken below the $4.40 mark, and for four weeks, this level has been as stubborn as a mule, refusing to budge. Yet, like a phoenix, it has gathered itself within a descending wedge, recently breaking free. Will it soar or will it crash back down? The suspense is killing me! 😱

On the bright side, the Stochastic RSI is showing signs of life, suggesting that perhaps, just perhaps, a breakout is on the horizon. If it can break through the horizontal resistance, we might just see $RENDER back at $6.68. Fingers crossed! 🤞

$RUNE: A chart that could make a grown man weep

And now, we arrive at $RUNE, whose weekly chart is a veritable tragedy. Down 94% from its peak during a bull market? Oh, the humanity! It’s like watching a slow-motion train wreck, with lower highs and lower lows piling up like dirty laundry. 😩

To add insult to injury, the current price action resembles a bear flag, and absolute bottom support is lurking just below. Unless it breaks upward and the Stochastic RSI decides to join the party, it’s hard to see where the silver lining is for $RUNE. Perhaps it should consider a career change? 🐻

Read More

2025-03-06 18:13