THORChain: Persistent downward pressure triggers sharp 8.15% decline

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THORChain slides 8.15% to $0.597 today

Highlights

RUNE trades at $0.597, below its MA-20 of $0.6541, MA-50 of $0.7166, and MA-200 of $1.1652, reflecting persistent bearish pressure across all timeframes.
Momentum indicators including MACD, ADX, and oscillators signal dominant seller control and oversold conditions, with RSI at 35 and CCI at –146.
The baseline scenario for the coming week expects RUNE to move sideways between $0.54 and $0.66, with less than 20% probability for a price increase.

Sustained selling pressure as oscillators confirm oversold signals

Momentum signals remain negative, as both the MACD and ADX indicate seller dominance. Oscillators show oversold conditions, with the RSI at 35 and the CCI at –146, while the Stochastic RSI is flagged as oversold as well. The Bull/Bear Power (BBP) points to tentative buyer interest, though sellers maintain control overall. The Awesome Oscillator also supports the prevailing bearish trend. Today’s session opened at $0.599, nearly flat with the previous close at $0.65, signaling no significant gap, and the price currently trades near the session lows after dropping 8.15%. Volatility is elevated, and the intraday tone is heavy, with persistent downward pressure after the open, in line with the momentum indicators.

Further downside expected as weekly momentum and averages remain bearish

For the coming week, after normalization to account for volatility, the expected price range is $0.54 to $0.66. The probability of an increase is very low (less than 20%), indicating that further declines remain more likely, as all major weekly momentum indicators and moving averages forecast a bearish scenario. The baseline scenario is sideways movement between $0.54 and $0.66. A bullish case would see RUNE reclaiming levels above $0.66 and breaking resistance, but this is less likely given current technicals. In a bearish breakdown, the price could test support near $0.54 or below if selling intensifies.

Anton Kharitonov, expert at Traders Union, notes that THORChain (RUNE) remains under heavy bearish pressure, with all major moving averages and momentum indicators pointing down. He sees very limited probability of a bullish reversal in the coming week. The base case is a sideways or lower move, with $0.54 as key support if the decline resumes. "Given the persistent sell signals and lack of upside catalysts, I remain cautious until RUNE can reclaim at least $0.66," says Kharitonov.

Source of Data: RUNE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.