RUNE Price Analysis:鲸鱼抛售导致 RUNE 在 24 小时内暴跌 15%，但长期基本面完好无损

RUNE，THORChain 的原生代币，在截至发稿时过去 24 小时内经历了 15% 的大幅下跌，这可能是由于恐慌情绪引发，此前一条大鲸鱼在 Kraken 上抛售。

The native token of THORChain, RUNE, faced a sharp 15% drop in the past 24 hours as of press time, a decline that could be attributed to panic following a major whale’s sell-off on Kraken.

As per on-chain data, the whale withdrew 2.85 million RUNE, valued at roughly $12.35 Million, and proceeded to sell a portion of it through ThorSwap for Bitcoin [BTC].

The whale’s activity saw 9.69 BTC being withdrawn to Kraken while the remaining 2.7 million RUNE tokens were sent to Binance.

Impact of whale sell-off on RUNE’s price

The whale’s sell-off had an immediate impact, driving the price of RUNE down. However, it did not appear to pose a significant long-term threat to the token’s future value.

Being a Layer-1 Blockchain DEX with vast usability, THORChain continues to support cross-chain swaps, especially for major Layer-1 blockchains, which bodes well for its adoption potential.

Despite a lack of a clear signal from indicators, which often react more slowly to abrupt price shifts, the RUNE price on the 4-hour timeframe showed signs of recovering.

After bouncing from the $4.50 range, RUNE/USDT hinted at a recovery attempt with early buying interest. This suggests that the level could become a new support zone.

After failing to maintain its support at the ascending trendline, RUNE fell below the $5 level and later stabilized around $4.50.

The MACD indicator showed a bearish crossover, confirming that bearish pressure had dominated the recent market activity.

However, recent histogram bars indicated a potential slowing down of selling momentum, which gave hope to investors for a gradual recovery in the upcoming sessions.

But the previous ascending trendline, which once acted as a support level, turned into resistance, and now RUNE needs to regain momentum and break above this level to signal a bullish reversal.

If RUNE manages to sustain a move above $5.5, it could eventually climb towards $7.30, the prior high. However, a confirmed reversal would require more buying volume and a clear breakthrough of these resistance levels.

Volume and TVL

In other news, RUNE’s weekly trading volume hit a new all-time high at $78 million, indicating growing market interest despite recent volatility.

Moreover, the total value locked (TVL) of Bitcoin on THORChain has tripled since 2023, highlighting the increasing adoption of THORChain’s cross-chain liquidity services.

These factors suggest that although RUNE faced short-term selling pressure, the long-term fundamentals remained intact, and future price action could benefit from renewed market confidence.