THORChain: Heavy selling pressure sparks a 7.29% rise on oversold signals

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THORChain jumps 7.29% to $0.427 today

Highlights

RUNE is trading at $0.427, below all key moving averages (MA-20: $0.5435, MA-50: $0.5676, MA-200: $0.9250), reflecting continued bearish pressure across timeframes.
Daily technical indicators remain strongly bearish with MACD, ADX, and oscillators signaling persistent selling; RSI is oversold at 18.38 and Bull/Bear Power is negative.
Expected trading range for the coming week is $0.410–$0.450, with less than 20% probability of a price rebound and downside risk if support at $0.410 breaks.

Sustained bearish momentum as oversold signals and resistance persist

The nearest dynamic resistance is set by the Ichimoku Kijun at $0.5315, while price action stays well below all key moving averages, underlining distant longer-term support for RUNE. On the daily chart, technical indicators are distinctly bearish: both MACD and ADX show 'Sell' signals, the RSI is oversold at 18.38, and the Commodity Channel Index further confirms oversold conditions. The Stochastic RSI is deeply oversold, and Bull/Bear Power remains negative, all highlighting ongoing dominance by sellers. The Awesome Oscillator also points down, reinforcing momentum against price recovery despite the sharp intraday move.

Downside risk prevails as chance of recovery remains low

For the coming week, the expected trading range has shifted to $0.410 – $0.450, aligning with a typical volatility band relative to current levels. Both daily and weekly indicators give a bearish outlook, suggesting less than a 20% chance of further price appreciation, while a decline is much more likely. The base case sees RUNE consolidating sideways within this zone, with a bullish breakout above $0.5315 needed for upward momentum. If immediate support at $0.410 fails, further losses remain probable as sellers strengthen their position.

Anton Kharitonov, expert at Traders Union, sees persistent downside risk for THORChain (RUNE) as sellers continue to dominate the technical landscape. He notes all key indicators remain bearish, with oversold readings offering scant reason for optimism. Kharitonov believes consolidation in the $0.410 – $0.450 range is the most likely scenario absent a break above $0.5315. "Base case remains sideways or lower unless buyers reclaim $0.5315 — for now, sellers control the trend."

Last time, analysts noted that THORChain (RUNE) continued to trade below key moving averages with technical indicators, including MACD and ADX, confirming strong bearish momentum and pronounced oversold conditions such as an RSI near 23. The price remains under persistent selling pressure with resistance identified near the Ichimoku Kijun, no clear dynamic support, and consolidation within a defined range expected as downside risks outweigh rebound potential.

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.