Selling pressure pushes THORChain price lower in today's trading

Traders Union
All News
Crypto
Thorchain slides 10.00% today to $0.522

Highlights

THORChain's V3.18.0 upgrade launches Protocol-Owned Liquidity and a Dynamic Fee Model to boost long-term liquidity management.
Despite fundamental upgrades, RUNE price remains under persistent selling pressure amid limited positive response from the market.
Technicals show RUNE consolidating between $0.47 and $0.60, with downside bias as indicators conflict and few bullish signals emerge.

Protocol-owned liquidity launch outweighs by prevailing market selling

THORChain has launched its V3.18.0 upgrade on mainnet, introducing significant economic features such as the foundations for Protocol-Owned Liquidity (POL), which reallocates a portion of system income into a dedicated reserve for asymmetric liquidity deployment. The update also implements the Dynamic Fee Model (ADR-026) to enhance long-term liquidity and fee architecture. Both initiatives were highlighted by the Thorchain team, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees mounting technical risks for THORChain (RUNE) as the price dips below both its 20- and 200-day moving averages. He notes persistent daily selling pressure and warns that recent upgrades have failed to lift bearish sentiment. The momentum picture is deeply conflicted, with only selective indicators bullish as volatility spikes and intraday signals stay negative. Weak intraday buyers and oversold oscillators suggest sellers remain in control. As Kharitonov puts it, "With no clear buy signals from weekly indicators and continued pressure, I do not see a compelling case for a rebound in the short-term."

Viktoras Karapetjanc, expert at Traders Union, believes the fundamental trajectory for THORChain remains positive despite the sharp drop. He highlights the V3.18.0 upgrade and the new Protocol-Owned Liquidity mechanism as strategic innovations that bolster long-term market stability. The analyst sees strong ADX and a resilient medium-term uptrend as supportive of future growth. Karapetjanc is confident that, "The bullish structure stays intact and further development in protocol economics will offer multiple opportunities for investors, even if price consolidates in the near term."

Conflicting momentum signals as price nears dynamic support

RUNE/USD is trading below its 20-day moving average at $0.5460 and 200-day moving average at $0.5432, but remains above its 50-day moving average at $0.4657. This configuration suggests growing short-term selling pressure, with medium- and longer-term bullish structure persisting as price holds above the 50-day line; the nearest dynamic support is seen near the Ichimoku Kijun level at $0.5250.

Momentum readings are mixed on the daily chart. The Moving Average Convergence Divergence (MACD) gives a buy signal, and the Average Directional Index (ADX) is strong at 49.90, but most intraday readings for both indicators are negative or neutral. Overbought and oversold readings diverge: the Relative Strength Index (RSI) is at 67.2 and bullish, the Commodity Channel Index (CCI) also signals buy, while the Stochastic RSI is deeply oversold at 8.93. Bull/Bear Power (BBP) sits just above zero, indicating buyers maintain a slight edge, though multiple timeframes are signaling sell or oversold. The Awesome Oscillator is neutral. The pair opened with an upside gap around $0.01, then reversed sharply and now trades near the session low after a 10% slide. Intraday volatility stands at 9.61%, showing pronounced pressure after the open. Daily bearish momentum and oversold oscillators suggest a market in transition, with momentum and oscillator signals in clear conflict.

Earlier, analysts noted that THORChain was consolidating within a defined range amid limited upside and persistent bearish pressures. The mixed momentum signals and heightened volatility seen in the current session suggest a transitional market phase, making it essential for traders to monitor for a decisive move outside the $0.47–$0.60 corridor as the next trend catalyst.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.