THORChain rallies as RUNE swaps resume on 10 supported networks

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THORChain surges 9.69% as swaps resume

Highlights

THORChain restored RUNE swaps on 10 out of 13 networks, reinstating major transaction functions after an Ethereum block reorganization caused suspension.
Three chains remain paused and THORChain faces renewed regulatory attention due to the FBI urging node operators to block addresses linked to the $6.3 billion Binance hack.
RUNE/USD trades with strong bullish momentum, a projected range of $0.5806 to $0.6874, and a high probability of an upside move in coming days.

Core functionality restored as RUNE swaps resume; regulatory risks persist

THORChain has resumed RUNE swaps on 10 of its 13 supported networks, restoring core transaction capability after an Ethereum block reorganization led to a temporary suspension and prompted fixes for a refund bug, according to Coinotag. This reopening returns the majority of service functionality to users, driving renewed engagement and supporting positive sentiment around RUNE. However, with three chains still paused and the FBI's request for THORChain node operators to block addresses tied to the $6.3 billion Binance hack—reported by Coin Turk—the protocol also faces renewed regulatory scrutiny, highlighting ongoing compliance challenges for decentralized networks.

Multiple time-frame support underpins bullish momentum amid mixed indicators

On the technical front, RUNE/USD is trading above its MA-20 and MA-50 on the H1 chart and also above the MA-200 on the daily timeframe, signaling robust support across multiple time horizons. The Ichimoku Kijun level at $0.6055 now acts as the nearest support, with projected technical ranges setting immediate downside risk below this threshold. MACD provides a strong buy confirmation, and ADX shows a distinct bullish momentum bias. RSI and CCI readings remain neutral, while the Stochastic RSI in the oversold zone points to potential upside momentum. Bull/Bear Power is modestly positive for the session and the Awesome Oscillator is flat, contributing to a mixed but largely constructive intraday technical picture.

Upside favored as volatility range defines short-term risk boundaries

Over the next 2–3 trading days, price action for RUNE/USD is anticipated to fluctuate within a $0.5806 to $0.6874 volatility band relative to current levels. There is a very high probability of continued upside, though a sideways scenario within this range remains plausible. A decisive breakout above $0.6874 would confirm a bullish extension, while any retreat below the key $0.5806 support would signal a downturn and warrant reevaluation of directional scenarios.

Viktoras Karapetjanc, expert at Traders Union, sees THORChain’s rapid restoration of swap functionality as a strong signal of operational resilience and community confidence. He notes that renewed user activity and positive sentiment are supporting the current rally, even as regulatory scrutiny remains a headwind. The partial service pause on several chains has not derailed the upward outlook given the swift majority recovery. "Short-term fundamentals and sentiment clearly favor the bulls, and I expect RUNE to maintain momentum as long as major support zones are respected."

Previously it was reported that THORChain faced an operational halt and subsequent solvency test following an Ethereum block reorganization, leading to concerns about protocol resilience and downside risk. With most networks now reactivated and positive technical signals emerging, traders should monitor any breakout above $0.6874 as confirmation of renewed bullish momentum or a breakdown below $0.5806 as an early warning of potential downside.

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.