-7.10% for THORChain — MACD, RSI, and trend lines reinforce further weakness

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THORChain slides 7.10% today to $0.523

Highlights

RUNE is trading at $0.523, significantly below its MA-20 ($0.6050), MA-50 ($0.5948), and MA-200 ($0.9708), reflecting strong bearish pressure across all timeframes.
Momentum indicators, including MACD (sell), RSI (40), and Awesome Oscillator, confirm persistent seller dominance and oversold technical conditions, with weak overall trend strength indicated by ADX.
Immediate support is at $0.516, resistance at the Ichimoku Kijun ($0.6160); five-day price range projected between $0.516 and $0.575 with >80% probability of further downside.

Bearish momentum persists as resistance holds and sellers dominate

The nearest dynamic resistance for RUNE now stands at the Ichimoku Kijun ($0.6160), with support given by recent lows in the $0.516 area. Momentum indicators reinforce this bearish outlook: the MACD is in sell territory and the ADX points to non-directional, weak market strength. Furthermore, the RSI is subdued at 40, while both the Stochastic RSI and Commodity Channel Index confirm oversold conditions, suggesting persistent seller dominance. Bull/Bear Power reveals seller control and the Awesome Oscillator mirrors the ongoing downside bias.

Further decline likely as volatility range narrows and upside limits remain

For the next 5 trading days, RUNE is expected to fluctuate within a volatility band of $0.516 to $0.575. The probability of a further price decline remains very high (over 80%), while an upside reversal appears unlikely in the current environment. The baseline scenario anticipates sideways movement within the current range. Any significant bullish breakout requires sustained trading above the Ichimoku Kijun ($0.6160), while a breach below immediate support at $0.516 could accelerate losses.

Viktoras Karapetjanc, expert at Traders Union, sees THORChain (RUNE) trading under sustained downside pressure with strong bearish momentum. He notes that multiple technical signals and the absence of positive news weigh on near-term sentiment. Despite oversold readings, recovery attempts look fragile without a clear change in the broader environment. Karapetjanc believes that only a move above $0.6160 would reduce immediate downside risks. "Sideways consolidation is likely near current levels, but I would watch for a structural shift before considering bullish exposure."

Previously it was reported that THORChain (RUNE) remains in a strong bearish trend, trading below all major moving averages with momentum indicators such as MACD, RSI, and ADX confirming sustained selling pressure and oversold conditions. Resistance is identified near $0.65, while support is expected around $0.54, with the outlook favoring continued weakness or sideways movement in the near term.

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.