THORChain price prediction: Can $0.3714 resistance cap the RUNE rally?

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THORChain jumps 9.29% to $0.341 today

Highlights

RUNE/USD shows strong short-term bullish momentum, with price surging 9.29% and indicators signaling buyer control.
Despite intraday gains, the pair remains in a long-term downtrend, with persistent bearish pressure evident on higher timeframes.
In the next two to three days, RUNE/USD is projected to consolidate between $0.3106 and $0.3714, with a 67% probability of further upside barring a break below support.

Bullish signals sustained as overbought conditions and volatility build

On the technical front, RUNE/USD is trading above its MA-20 ($0.3247) and MA-50 ($0.3241) on the H1 chart, while remaining well below the MA-200 ($0.5004) on the daily chart. The Ichimoku Kijun offers immediate support at $0.3210. Short-term momentum is highlighted by bullish MACD and ADX signals, though oscillators such as RSI (70.94), Stoch RSI, and CCI indicate overbought conditions. BBP shows continued buyer dominance in the current session, and the Awesome Oscillator confirms continued bullish momentum. The trading session opened with a gap of 0.011 and the price is now near the upper end of today’s range, supported by high intraday volatility.

Consolidation likely as breakout risks shift directional outlook

Looking ahead to the next 2–3 trading days, RUNE/USD is expected to fluctuate within a volatility band between $0.3106 and $0.3714. The likelihood of an upward move is estimated at 67%, with a 33% chance of a downward move. The baseline expectation is for consolidation within this range; a break above resistance could spur further gains, while a drop below support would signal a bearish shift.

Viktoras Karapetjanc, expert at Traders Union, sees RUNE maintaining strong momentum, with technical signals supporting a bullish outlook for the short term. He notes the absence of major news, which means price gains are likely driven by short-term traders and market sentiment rather than fundamental shifts. Karapetjanc believes upside potential remains intact if RUNE stays above immediate support levels. In his view, traders should watch for a break above resistance for more gains. "With momentum on our side and technicals strong, I view any consolidation above $0.3210 as an opportunity to accumulate," says Karapetjanc.

Earlier, analysts noted that THORChain was under sustained bearish momentum within a context of pronounced downside pressure. The current rebound and shift in short-term momentum highlight a potential inflection point, making the $0.3210 support level crucial to monitor for confirmation of sustained bullish sentiment.

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.