Bearish momentum and technical weakness persist

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THORChain drops 7.46% to $0.422 today

Highlights

RUNE trades at $0.422, substantially below MA-20 ($0.5581), MA-50 ($0.5716), and MA-200 ($0.9316), underscoring persistent downside momentum across all timeframes.
Oversold technical indicators—RSI at 23.15, Stochastic RSI at 0.00, and CCI at –136.67—confirm sustained seller dominance, with the Awesome Oscillator and MACD signaling a strong bearish trend.
Expected price range for the coming week is $0.400–$0.460; a break below $0.400 indicates further declines, while upside probability remains under 20%.

Bearish momentum and volatility as resistance holds and sellers dominate

Technical analysis identifies the Ichimoku Kijun at $0.5590 as the next dynamic resistance level for RUNE, with no immediate dynamic support visible. Momentum indicators remain strongly bearish, as the MACD signals a sell, the ADX confirms a directed downtrend, and the Awesome Oscillator supports negative sentiment. Oversold signals are pronounced, with the RSI at 23.15, Stochastic RSI at 0.00, and CCI at –136.67, while negative Bull/Bear Power readings point to continued sellers’ dominance. The current price action stays near the session’s low within a $0.421–$0.441 range, with moderate-to-high volatility and no intraday rebound.

Consolidation favored as downside risk outweighs rebound potential

In the short term, RUNE is expected to trade within a $0.400–$0.460 volatility band around current levels. There is a very low probability (less than 20%) of a sustained recovery, while the downside scenario remains more plausible. The baseline forecast is for consolidation in this corridor, and a break below $0.400 would indicate further seller control and potential for deeper declines.

Anton Kharitonov, expert at Traders Union, sees downside momentum persisting in THORChain (RUNE) as sellers dominate and momentum indicators remain strongly bearish. He notes the price has failed to reclaim key moving averages or show any intraday rebound, with technicals pointing to high volatility within a narrow range. The analyst maintains a cautious stance as oversold readings alone have not sparked a recovery. "Base case remains consolidation below $0.460, and unless price reclaims $0.559, sellers stay firmly in control."

Previously it was reported that THORChain (RUNE) is trading significantly below its key moving averages, with technical indicators such as the RSI, MACD, ADX, and Stoch RSI confirming entrenched bearish momentum and persistent oversold conditions. Sellers remain in control as resistance is observed near the Ichimoku Kijun, with ongoing high volatility and downside pressure suggesting continued weakness or consolidation 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.