$RUNE has experienced a price decline of 4.651% in the last 24 hours.
The recent high and low have shown volatility, moving between 1.384 and 1.304.
Currently, RUNE is within the Bollinger Bands, with resistance at 1.367 and support at 1.304.
The overall market trend is downward, indicating a potential continuation of bearish sentiment.
Macroeconomic factors, like inflation concerns and regulatory developments, could exacerbate this downtrend.
Bitcoin's correlation with RUNE is currently undefined, which may lead to more independent price action.
Traders should consider a short-term approach given the current volatility and bearish trends.
Key takeaway: Focus on the immediate support at 1.304; a breach may signal further declines.
