Technical weakness — THORChain slips 23% as bears dominate price prediction

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THORChain drops 23.12% to $0.891 today

Highlights

THORChain (RUNE) is down 23.12% to $0.891, trading below key moving averages MA-20 ($1.1743), MA-50 ($1.2253), and MA-200 ($1.3867).
No corporate actions, event-driven headlines, or regulatory developments influenced RUNE's price as of October 10, 2025, amid a lack of material news flow.
Technical indicators remain bearish with resistance at $1.242, momentum weak, and RUNE expected to consolidate between $0.8680 and $0.9210 with less than 20% upside probability.

Muted sentiment persists as absence of news dampens activity

There are no relevant corporate actions or event-driven news updates connected to RUNE as of October 10, 2025. Recent news flows show no significant announcements, regulatory decisions, or material developments specifically impacting the asset’s price. The latest available data reflect a lack of impactful headlines for THORChain on this date.

Sustained bearish pressure as technical signals confirm weak trend

Technical analysis confirms persistent downward pressure across all timeframes, as RUNE’s price holds below the short, medium, and long-term moving averages. Resistance is established at the Ichimoku Kijun ($1.242), and no bullish cross signals are present, supporting a technically weak structure. Momentum gauges are largely bearish: the daily MACD signals strong selling, ADX highlights trend strength, while the D1 RSI is only modestly positive and the Stoch RSI is neutral. Oscillator readings are mixed, with CCI and the Awesome Oscillator trending neutral, and the BBP showing no clear bias. RUNE is trading close to today’s lows ($0.601–$1.171) amid heightened volatility.

Limited rebound chances as consolidation seen under resistance

In the near term, RUNE is expected to move sideways in a narrow range of $0.8680 to $0.9210, with the baseline scenario favoring consolidation. The probability of a price increase in the coming days is low — below 20% — due to prevailing heavy selling pressure. Unless the price breaks above the $1.242 resistance, further upside is unlikely, while a decisive drop below $0.8680 could trigger further losses.

Viktoras Karapetjanc, Traders Union expert, sees THORChain (RUNE) consolidating under heavy technical and sentiment pressure, with the token underperforming all major moving averages and no supportive news to shift market confidence. While supportive macro factors or positive headlines are absent, Karapetjanc believes that the current bearish momentum could give way to stabilization if volatility drops and sentiment improves. He maintains a constructive outlook, anticipating a consolidation phase around $0.8680–$0.9210 unless a decisive break occurs. "If RUNE can hold this support zone and broader market sentiment improves, a rebound could be ignited above $1.242 — so I’m closely watching for positive catalysts and early signs of renewed momentum."

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.