$RUNE Holding Support — A Calm Before the Storm? ⚔️📉📈
Signal Snapshot:
$RUNE /USDT is trading at $1.333, sitting at a key horizontal level that has historically acted as both support and resistance. Price action shows low volatility, signaling that a strong move may be near.
📊 Key Technical Levels:
• Current Price: $1.333
• Major Resistance: $1.40 → $1.48
• Support Zone: $1.28 → $1.24
• Local High: $1.57
• Trend: Short-Term Neutral → Mild Bearish
• Structure: Descending channel — near support edge
📉 Chart & Price Structure:
RUNE is testing the lower bound of its current range. Recent candles show rejection wicks near $1.30, indicating buyer interest — but no strong bounce yet.
✅ Consolidating just above demand zone
📉 Failing to break above $1.40 recently
🔄 Decision point: either reclaim trend or break into fresh lows
🔍 Momentum & Indicators (Estimates):
• RSI: Around 42 — slightly bearish but stable
• MACD: Bearish, but histogram shrinking
• MA(7): Pressing from above — acting as resistance
• MA(25): Near $1.39 — needs to flip for bullish push
🎯 Potential Trade Setups:
Bullish Case:
• Reclaim and close above $1.40 ➤ Target $1.48 → $1.57
• Volume confirmation needed for momentum continuation
Bearish Case:
• Breakdown below $1.28 ➤ Target $1.24, then possibly $1.18
• Watch for BTC correlation — high impact on alts
💬 My Take:
RUNE is sitting on crucial short-term support. This area could provide a bounce trade if defended — but it needs a solid confirmation above $1.40 to flip bias.
Perfect moment to stay alert, not aggressive.
🎯 Let the chart decide your entry
📌 Set alerts at $1.40 and $1.28
🛡️ Manage risk carefully — no rush, no FOMO
RUNE is quiet now, but volatility is coming. Plan your move before the market does. ⚠️🚀
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