RUNE gains 9.68% after buyers defend $0.92 but resistance holds strong

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THORChain surges 9.68% today

Highlights

THORChain (RUNE) trades at $0.94, up 9.68% on the day, but remains well below its MA-20 ($1.1143), MA-50 ($1.192), and MA-200 ($1.3799).
Technical indicators show persistent bearish momentum as RUNE faces resistance at $0.97, with the RSI near oversold at 30.7 and ADX high at 38.46.
Near-term outlook projects RUNE trading sideways between $0.9680 and $0.9740, with less than 20% probability of a meaningful rally and downside risk if $0.92 breaks.

Bearish momentum sustained amid key resistance and oversold readings

Technical momentum on the daily chart remains mostly bearish. RUNE's price faces resistance around the Ichimoku Kijun at $0.97 and is supported by the $0.92 level from the current intraday range. The MACD and RSI show negative signals, with the RSI near oversold territory at 30.7; ADX is elevated at 38.46, indicating sustained volatility. Stoch RSI and CCI confirm oversold conditions, while BBP is neutral and the Awesome Oscillator maintains a bearish slant.

Limited upside as prevailing indicators reinforce downside risk

In the short term, RUNE is likely to trade between $0.9680 and $0.9740, averaging near $0.9710 over the next five sessions. With weekly indicators (RSI, MACD, and MA-50) still bearish except for a neutral ADX, probability of further price declines remains high—chances of a meaningful rally are below 20%. The baseline scenario calls for sideways movement beneath $0.97; a decisive upward break could prompt recovery, but downside risks dominate if support at $0.92 fails.

Anton Kharitonov, expert at Traders Union, sees sustained bearish momentum for THORChain (RUNE), with prices unable to regain key moving averages and indicators broadly negative. He notes that the asset faces strong resistance near $0.97, while oversold metrics and high volatility indicate potential for further losses if support at $0.92 breaks. Kharitonov remains tactically defensive given the absence of positive news and the still-dominant downside risks. "Base case remains sideways to lower as long as RUNE trades below $0.97 — I remain cautious and prefer to wait for clearer signs of reversal before considering upside scenarios."

Previously, it was noted that muted sentiment persists as absence of news continued to influence trading activity around RUNE. Technical analysis highlighted that downward pressure remained strong and the likelihood of a rebound was limited.

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.