THORChain (RUNE) is currently priced at $0.7271, reflecting a 24-hour change of -1.92%. The daily trading range has been narrow, with a high of $0.7591 and a low of $0.7193, indicating limited volatility in the short term.

The trading volume stands at 81,718,315, contributing to a market cap volume ratio of 32%, suggesting a reasonable level of liquidity. However, the decline in price over the past 30 days by approximately 17.3% signals bearish sentiment, further supported by declining RSI values of 41 (1 Hour) and 44 (7 Day).

Analyzing the moving averages, the 8 SMA shows a decrease of 1.4% at $0.7374, while the longer-term averages indicate stronger declines, with the 144 SMA down 8.2% at $0.7921. This divergence suggests that RUNE is under pressure, as shorter-term averages are not stabilizing and the overall trend remains downward.

With the 14-day price change at -14.26% and the 7-day price change at -10.45%, RUNE is experiencing significant negative momentum. The persistent decline coupled with the current price hovering below all key moving averages indicates a lack of bullish support.

Given the current technical indicators and fundamental data, the outlook for THORChain appears bearish in the short to medium term. The lack of a significant recovery signal and the ongoing downward trend warrants a Sell rating, as investors may want to exit positions to avoid further losses.