Will RUNE avoid a steeper decline amid ongoing weak momentum and seller control?

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ThorChain drops 7.71% on hacker flows

Highlights

Hackers linked to the Binance incident have transferred funds using cross-chain platforms such as THORChain and Chainflip.
THORChain faces regulatory and platform risk exposure due to illicit fund flows, which has weakened market confidence.
RUNE/USD trades in a pronounced bearish trend, with momentum indicators negative and an expected range of $0.498 to $0.5318 over one to two sessions.

Regulatory scrutiny rises after hacked funds routed via THORChain

Hackers involved in the Binance hack have recently routed funds through cross-chain protocols including THORChain and Chainflip, according to Beincrypto. This activity has placed THORChain at the center of attention due to heightened concerns over its protocols being used for illicit transactions, raising the risk of regulatory intervention or platform scrutiny. The incident has undermined market confidence and contributed to a more cautious environment for participants.

Bearish bias and oversold signals shape technical outlook

On the hourly chart, RUNE/USD is trading below its MA-20 at $0.5383 and its MA-50 at $0.5518, while on the daily timeframe, it remains above the MA-200 at $0.5057. Immediate resistance is situated at $0.536, marked by the Ichimoku Kijun level. Momentum indicators show bearish conditions: both MACD and ADX reflect a sell bias, while RSI and CCI signal oversold conditions and Stochastic RSI is neutral. Bull/Bear Power remains negative, signaling dominance by sellers in intraday action, and the Awesome Oscillator shows continued alignment with the downtrend.

Further declines likely as volatility and resistance cap rebound

In the short term, price action is expected to remain volatile, with RUNE likely to consolidate within a range of $0.498 to $0.5318 over the next one to two sessions. The probability of a significant rebound is very low, with further downside pressure considered likely unless the price decisively breaks above resistance at $0.536. Should bearish momentum intensify and push RUNE below $0.498, another leg lower could occur, while a move above immediate resistance would be necessary to trigger any short-term bullish scenario.

Anton Kharitonov, expert at Traders Union, sees clear negative sentiment in RUNE following its use in recent illicit flows. Technically, price remains weak with sellers in control and momentum tools pointing to further downside. Increased regulatory risk and loss of market confidence add to the bearish outlook. "Until RUNE reclaims and holds above $0.536, I expect more pressure and advise caution on any short-term upside setups."

Earlier, analysts noted that persistent bearish momentum continued to pressure THORChain with technical thresholds playing a critical role in shaping market direction. The current environment further underscores downside risk, as recent cross-chain activity connected to the Binance hack raises the stakes for regulatory fallout—making the $0.498 support level crucial for traders to monitor 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.