THORChain’s token, RUNE, is currently showing tight price compression as it trades near the $0.80 mark. Analysts are tracking a large falling wedge pattern that may soon determine the next major price move, with growing attention on whether the asset can confirm a breakout.
Falling Wedge Pattern Signals Possible Market Shift
On the two-day timeframe, RUNE is forming a distinct falling wedge, a technical structure often linked to bullish reversals when price breaks upward. The setup shows converging trendlines that reflect declining volatility and reduced selling pressure.
As noted by market analyst Clifton Fx (@clifton_ideas), the asset may be nearing a pivotal stage. The analyst observed that a successful breakout could trigger a 200–300% rally, similar to historical wedge-driven recoveries seen in prior market cycles.
RUNE has been trending downward since mid-2024, creating a sequence of lower highs and lows. Recent activity, however, indicates fading bearish strength. The token has been constantly solid around the $2.50-2.70 support zone and the buyers have been able to defend this zone as the sellers continue to wear out. The $3.30 to $3.50 resistance level is the major zone to monitor so as to have a reversal of the trend.
Price Maintains Stable Around $0.80 with Active Liquidity
At the time of writing, RUNE is trading at approximately $0.8017 with a weak performance in a 24-hour period of between $0.7855 and $0.8563. Although there are slight fluctuations, the token is held on, and this could be a sign that the market players are holding back until they are certain of what they are getting before moving forward to new positions.
The volume of trading is at 55.7 million, showing that it remains liquid even in the midst of a less volatile period. There was a mini burst up to $0.8563 in the middle of the day, which was immediately followed by heavy profit-taking, confirming the wary mood of short-run traders.
The market capitalization of RUNE amounts to $281.6 million with a fully diluted value of $340.9 million, which still makes this project the mid-cap segment of decentralized finance assets. These valuations reflect consistent investor engagement and manageable dilution exposure relative to total supply.
Network Stability Supports RUNE’s Long-Term Outlook
Beyond market movements, THORChain continues to show operational strength. Its total value locked (TVL) of $110.15 million reflects stable usage of the protocol’s cross-chain liquidity pools. This metric demonstrates enduring engagement from liquidity providers, even through periods of price softness.
RUNE’s token distribution also contributes to its structural resilience. With 351.2 million tokens already circulating out of a 425.2 million total, and a hard cap of 500 million, the project’s issuance rate remains controlled. This predictable supply dynamic reduces inflation pressure and supports price stability during consolidation phases.
Technically, the $0.80 level now serves as a short-term pivot. A confirmed breakout above $0.85–$0.87 could open the path toward higher resistance zones, with projections extending to $8.00–$9.00 based on wedge height analysis. If price slips below $0.78, RUNE may retest support before attempting another upward move.