THORChain (RUNE) Upgrade Set to Spark New Rally: Eyes on $3.25

THORChain Mainnet Upgrade Scheduled

RUNE is preparing to undergo an upgrade to version 3.6.0 of its Mainnet on May 22, 2025, around 17:00. UTC. The maintenance phase of the routine upgrade, which began at block height 21,210,000 and involves updating Rujira contract checksums rather than implementing critical fixes or breaking consensus-breaking changes to improve network efficiency and security. An easy transition requires the approval of validators for the upgrade.

Exchange Support and Community Expectations

Binance and Bybit will be among the major exchanges that will support the upgrade by suspending RUNE deposits and withdrawals during the upgrades period, while maintaining trading activity. RUNE's price is expected to recover in the coming days if it can capitalize on the momentum in this DeFi space that has been damaged by recent challenges, according to the THORChain community.

Any daily close above $3.25 confirms further bullishness.

RUNEUSD has gained more than 85% in this month. The pair holds above the short-term (34 and 55 EMA) and above the long-term moving average in the 4-hour chart. It hit an intraday high of $2.18 and is currently trading around $2.145.

The bullish invalidation can happen if the pair closes below $1.50. On the lower side, the near-term support is $2. Any close below targets $1.65/$1.50.

 The pair's near-term resistance is around $2.45. Any breach above confirms minor bullishness. A jump to $3/$3.45 is possible.

It is good to buy on dips around $2 with SL around $1.50 for TP of $3.25/$4.