+4.70% for THORChain as overbought conditions may slow further upside

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THORChain gains 4.70% today

Highlights

RUNE/USD shows short- and medium-term bullish momentum, trading above key moving averages on hourly charts.
Momentum indicators generally point to continued buying, but several oscillators signal overbought conditions and potential short-term exhaustion.
For the next 2–3 sessions, expected price range is $0.3700 to $0.4265, with 79% probability of upward movement.

Bullish momentum persists amid mixed overbought signals

On the technical side, RUNE/USD trades above the MA-20 ($0.3898) and MA-50 ($0.3873) on the hourly chart, while remaining below the daily MA-200 ($0.4948). The Ichimoku Kijun, acting as immediate support, sits at $0.3925. Among key momentum indicators, MACD and ADX show Buy signals and the Awesome Oscillator supports the bullish direction, while the RSI stands at 62.64—still bullish but approaching overbought territory. Some divergence is present, with Stoch RSI at Strong Sell and CCI in Overbought, suggesting possible short-term exhaustion even as BBP signals show ongoing buyer dominance amid heightened volatility.

Short-term consolidation likely as volatility shapes breakout risk

Looking to the short term, RUNE/USD is likely to consolidate within a $0.3700 to $0.4265 price range based on typical volatility. There is a higher probability (79%) of upward continuation, while a downward move has a 21% likelihood. A sustained break above resistance near the range top could trigger a bullish breakout, but if immediate support fails, a retreat toward the lower band remains possible over the next two to three sessions.

Viktoras Karapetjanc, expert at Traders Union, believes that RUNE shows constructive momentum above key moving averages and positive short-term sentiment. He notes that technical signals remain bullish, although some indicators suggest the market may be nearing short-term fatigue. The analyst sees further upside likely while the price holds above immediate support, with a breakout possible if resistance is cleared. In his view, the bullish probability outweighs correction risk in the near term. "With strong momentum and positive signals, I expect RUNE to keep advancing as long as buyers protect support levels," Karapetjanc says.

Earlier, analysts noted that improvements in THORChain’s protocol security and technical momentum signaled a possible shift toward sustained recovery. The latest market action both strengthens that outlook and highlights $0.4265 as a key resistance level, with a bullish breakout likely if upward momentum persists.

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.