THORChain price prediction: Will $0.400 support hold as RUNE posts a 7.01% loss?

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THORChain drops 7.01% to $0.411 today

Highlights

RUNE remains under strong downward pressure, consistently trading below major moving averages across all timeframes.
Bearish momentum dominates with all technical indicators aligned, signaling sellers maintain firm control of price direction.
Short-term price is expected to consolidate between $0.400 and $0.461, with a high probability of further downside.

Support breaks and negative momentum drive elevated bearish risk

Technical levels continue to reinforce the bearish case for RUNE. The asset is trading below the MA-20 ($0.4991), MA-50 ($0.4782), and MA-200 ($0.5188), highlighting weakness across all timeframes. The Ichimoku Kijun level at $0.5235 stands as immediate resistance. Momentum indicators remain negative: MACD and ADX both support ongoing downside with little divergence. The RSI sits at 36, with CCI and Stoch RSI in oversold territory, raising the odds of a technical bounce, though BBP remains negative and seller dominance persists. RUNE trades near today's low of $0.402, confirming strong volatility and intraday pressure.

High probability of decline as key resistance limits rebound

Over the next five trading days, the expected range for RUNE is $0.400 to $0.461, reflecting typical short-term volatility relative to current levels. The probability of continued price declines remains high—over 80%—with any recovery scenario requiring a breakout above the $0.461–$0.470 resistance region. If RUNE fails to hold the $0.400 support, further losses are likely given the entrenched negative momentum.

Anton Kharitonov, expert at Traders Union, sees continued weakness for THORChain (RUNE) as bearish momentum dominates. He points out the price remains below all major moving averages and that technical indicators signal persistent selling. The analyst remains cautious despite oversold conditions hinting at a possible short-term bounce. "Until RUNE breaks and holds above $0.461, downside risk remains my base case."

Earlier, analysts noted that THORChain was exhibiting persistent bearish momentum and elevated downside risk. The latest developments reinforce this view, with sellers firmly in control and traders now closely monitoring the $0.400 support level as the next critical pivot for potential price action.

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.