THORChain (RUNE) is currently trading at $0.6623, reflecting a modest decline of 0.86% over the past 24 hours. Despite the minor dip in price, trading activity has surged significantly, with a 24-hour trading volume of $207.84 million, marking a striking 243.22% increase compared to previous sessions. Over the last seven days, the token has recorded a weekly gain of 11.77%, signaling renewed investor interest in the digital asset.

Market analysts note that RUNE is currently navigating a critical technical phase. The cryptocurrency’s recent price fluctuations suggest that it is testing the upper boundary of a descending wedge pattern, which could indicate an upcoming trend reversal.

RUNE Nears Descending Resistance

According to crypto analyst Bit Amberly, RUNE is approaching the descending resistance line on the three-day timeframe, accompanied by rising trading volumes. Such technical patterns often precede decisive market moves. If RUNE successfully breaks above the wedge resistance, targets have been identified at $0.95, $1.50, $2.10, and ultimately $3.30.

Analysts emphasize that sustained volume and market momentum will be crucial for confirming any breakout. In the event of a failed breakout, the token could face further consolidation within the current wedge range, maintaining support levels around its present trading price.

Technical trends indicate that traders are closely monitoring short-term price movements while evaluating long-term prospects. The current pattern suggests a delicate balance between bullish potential and resistance pressure, requiring careful observation over the coming weeks.

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RUNE Price Prediction for 2026

According to DigitalCoinPrice, THORChain may aim to surpass the $1.18 mark by the end of 2026. Analysts also project that the token could reclaim and exceed its previous all-time high of $21.26, settling within a price range of $1.02 to $1.18 in the near term.

Investors and market specialists underscore that these predictions rely on continued adoption of THORChain’s ecosystem, alongside favorable market conditions within the broader cryptocurrency sector. While the token has faced historical volatility, ongoing technological developments and strategic partnerships could reinforce its market positioning and long-term value trajectory.

Also Read | THORChain (RUNE) Primed for Breakout: Analyst Eyes $20 Target