THORChain native token RUNE is showing early signs of recovery after months of downward pressure, with market structure now pointing toward a possible bullish phase.
Crypto analyst Crypto Patel highlighted a transition from accumulation into expansion on the daily timeframe, supported by growing upward momentum and a defined technical setup.
RUNE’s downward trend persisted from November until early February, with lower peaks and troughs. The decline was slower after the price reached its range between $0.37-$0.43, suggesting that buyers were taking up the offer.
Afterward, when there was an attempt to rally, it failed at the $0.45-$0.48 level, which led to a short squeeze and eventually reversed.
Source: X
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RUNE Breaker Zone Holds Key to Upside Continuation
The breakout from the above chart, the $0.48-$0.50 range, is an important one. The area now functions as the breaker area and converts the former resistance into support for price action.
Price is consolidating at the $0.505 level, setting up the possibility of further upside action. The technical analysis calls for a temporary retracement back to the breaker area, followed by another bullish push.
As long as this scenario plays out, the price is likely to push up towards the $0.68-$0.70 level. However, if the daily close drops below the $0.40 support level, this technical view is invalidated.
THORChain Expands Network With Strong Q1 Performance
According to the recent quarterly report issued by THORChain, there have been positive developments regarding its network and price movements. THORChain processed a total trade volume worth $2.82 billion in Q1 2026.
This generated a revenue of $3.3 million from fees and $1.9 million from affiliate revenue. The key emphasis of this quarter has been ease of use and speed optimization. The launch of memoless transactions and rapid swaps allowed for quicker and more simplified transaction processes.
The launch of native APIs means that no external services are required, and the development of Router V6 means increased efficiency of EVM integrations.
One major milestone that occurred during this period includes Solana integrations, allowing for seamless cross-chain swaps without any wrap-up assets.
It opens new horizons by expanding an ecosystem through increasing liquidity. The future roadmap includes integrations with Polygon, Cardano, and Monero and optimizing the tokenomics and liquidity models.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Tether Reports $1.04 Billion Q1 2026 Profit With Record $8.23 Billion Reserves
