😱 WTH is going on?! $RUNE plummets from $3 to $1! 🤯
🚀 What's behind the drop? 🤔
✨ Concerns over insolvency, with liabilities exceeding available liquidity!
✨ Temporary pause on Bitcoin and Ethereum withdrawals! 🚫
✨ Inflation of token supply and sell pressure from withdrawal mechanisms! 📉
🔥 But don't panic! The team is working on solutions to stabilize the situation and rebuild investor confidence! 💪
📊 Current market situation:
✨ $RUNE /USDT trading at $1.081, down 44.48% in 24 hours! 📉
✨ High volatility, with sellers dominating the action! 🚀
📈 Key levels to watch:
✨ Resistance: $1.200 (recovery above this level could spark bullish momentum!) 🚀
✨ Support: $0.950 (breakdown below this level could lead to further decline!) 🚫
📊 Trade setup:
✨ Long entry: Above $1.150, targeting $1.250 and $1.400! 🚀
✨ Short entry: Below $0.950, targeting $0.850 and $0.800! 🚫
🔍 Technical insights:
✨ RSI: 10.67, signaling extremely oversold conditions! 📊
✨ MACD: Displays bearish momentum with no signs of a reversal yet! 📉
🤔 What's your next move? Share your thoughts! 💬
#Rune #THORChain #Cryptocurrency 🚀💸
