THORChain's native token, RUNE, experienced a 15% drop due to a whale's panic sell-off but has begun recovering.

Key Factors:

1. Whale sold 2.85M RUNE ($12.35M) on Kraken, triggering the drop.
2. Price bounced back from $4.50, potentially forming a new support level.
3. MACD indicator shows bearish pressure, but histogram bars indicate slowing selling momentum.

Potential Recovery:

1. Break above $5.5 could lead to $7.30 (prior high).
2. Growing trading volume ($78M) and TVL suggest long-term fundamentals remain intact.

Chart Analysis:

- 4-hour timeframe shows recovery signs.
- Ascending trendline turned into resistance.
- Needs buying volume and clear breakthrough of resistance levels for bullish reversal.

Outlook:

RUNE's short-term volatility may subside as market confidence returns, driven by THORChain's increasing adoption and cross-chain liquidity services.

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Fascinating to see RUNE's price bounce back after that significant whale sell-off. MACD indicator shows slowing selling momentum, and growing trading volume suggests long-term fundamentals are still intact. Now, it's crucial to see buying volume and a clear breakthrough of resistance levels for a sustainable bullish reversal.