+6.36% for THORChain as strong buying drives price toward $0.44 resistance

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THORChain jumps 6.36% to $0.418 today

Highlights

RUNE/USD shows strong short- and medium-term momentum, trading above key moving averages on the intraday chart.
Despite recent gains, momentum oscillators flash overbought signals, suggesting potential for near-term exhaustion or pause.
Price is expected to consolidate between $0.4064 and $0.44 over the next 2–3 sessions, with a very high probability of maintaining or breaking upward.

Buying momentum persists as resistance looms and indicators flash overbought

On the technical front, RUNE/USD is trading above the MA-20 ($0.4056) and MA-50 ($0.3993) intraday, while still below the longer-term MA-200 ($0.4829) on the daily chart. The Ichimoku Kijun sits at $0.406 and currently serves as immediate support. Momentum indicators including MACD, ADX, and Awesome Oscillator all show further buy-side activity. However, RSI at 70.90, with overbought signals from both Stoch RSI and CCI, indicates potential exhaustion following a strong intraday rally. Bull/Bear Power reflects dominant buying momentum, with a notable daily gain and elevated volatility as the price trades near session highs.

Upside breakout likely as short-term consolidation range holds

Over the next 2–3 sessions, RUNE/USD is expected to consolidate in a range between $0.4064 and $0.44, with typical volatility relative to current levels. The probability of an upward move remains very high, while the likelihood of a near-term reversal or downside appears low. If a bullish breakout occurs, a sustained push above $0.44 is possible; conversely, a break below $0.4064 would expose the asset to further weakness and potential downward extension.

Anton Kharitonov, expert at Traders Union, sees RUNE maintaining technical strength above key short- and medium-term moving averages. Indicators confirm active buy-side pressure, but overbought signals point to potential short-term exhaustion. The setup favors consolidation between $0.4064 and $0.44, with a higher probability for an upside breakout, but risks remain if support is lost. "I am cautious here — as long as RUNE holds above $0.4064, the bullish case remains, but I prefer to wait for clearer momentum before positioning."

Earlier, analysts noted that THORChain was experiencing persistent technical weakness and remained under downside pressure following a significant security breach. The current intraday rally and renewed buy-side momentum mark a notable shift, making $0.44 a critical breakout level to monitor for sustained upward continuation in the sessions ahead.

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.