THORChain (RUNE) is holding above a key support level, showing improving short-term structure as buyers step in. If strength continues, the RUNE price may move toward higher resistance, while losing support could lead to consolidation. Momentum indicators are turning positive, suggesting a gradual recovery in trend.
At the time of writing, RUNE is trading at $0.3981 with a 24-hour trading volume of $5.87 million and a market capitalization of $446.93 million. Despite the signs of stability over the last 24 hours, the RUNE price structure and improving technicals point to a reversal ahead.
Source: CoinMarketCap
Also Read: THORChain (RUNE) Breakout 2026 Ignites Strong Bullish Setup Toward $0.68
RUNE Holds Support; Next Move Could Be Toward $0.55
Furthermore, the crypto analyst Sjuul highlighted that the RUNE price chart is showing a constructive short-term structure after holding above a recently reclaimed support zone.
This level has become an important pivot, suggesting buyers are defending it with growing confidence. Stability here indicates the market is attempting to rebalance after prior volatility, with price action gradually tightening above support.
Source: Sjuul’s X Post
In case the RUNE price is able to verify acceptance within the previous range, the likelihood of moving closer to the next resistance of $0.55 will increase.
This resistance might witness selling pressure, but if there is a breakout, this will be an indication of improved sentiment. The breakdown from support would negatively affect the set-up.
Momentum Indicators Support Upward Potential
According to TradingView, the reversal of RUNE price after peaking at 0.04000 in May has been quite significant.
After that peak, a very bearish correction took place, and the RUNE price went down to a low of 0.30000 in early June. However, RUNE’s price action has seen a very bullish turnaround recently and is currently trading around 0.39800.
Source: TradingView
The momentum oscillators indicate that the positive price move is about to pick up further traction. In particular, the RSI(14) is now trading above 47.15 from the oversold level of 35.84, signaling increasing bullishness.
Moreover, the MACD indicator has formed a bullish crossover with the blue line turning upwards, along with the positive green histogram.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: THORChain Hack Drains $10M+ as RUNE Drops 10%: ZachXBT
