🚨 **RUNE/USDT Perp Update – Real-Time (~$1.41, ▲ +1.4%)**
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📰 News & Fundamentals
THORChain (RUNE) continues to maintain its role as a decentralized cross-chain liquidity protocol. No fresh updates today, but its core fundamentals—staking, bonding, and governance token utility—remain solid. Its market cap is near $497M with ~$90M 24‑hr trading volume.
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📈 Technicals (M15 / H1 / H4)
Recent action on the 15‑minute and daily charts shows RUNE breaking below major support at $1.50, forming a bearish engulfing pattern and dropping to $1.424 before settling near $1.459. RSI is in oversold territory while volume surged—indicating strong bearish momentum but possible short‑term reversal.
Investing.com’s technical analysis shows mixed signals: buy ratings dominate on shorter timeframes, yet moving averages on daily/week suggest a broader bearish trend.
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🔧 Support / Resistance Levels
Support: $1.42 → $1.35
Resistance: $1.50 → $1.55
Trade Setups:
Entry Long: $1.42–$1.43 bounce → TP: $1.50 → SL: $1.38
Entry Short: Rejection near $1.50 → TP: $1.42 → SL: $1.53
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🧠 Smart Money / Whale Activity
No clear accumulation from whale wallets observed. While retail-driven volume dominates during the drop, on-chain data lacks strong smart-money inflows.
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🎯 Sentiment: Neutral → Slightly Bearish
Price breakdown and rising downside pressure favor bearish bias. However, oversold RSI and volume spike hint at a possible short-term rebound. Confirmation requires holding above $1.50 to shift bias bullish.
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#RUNE #ThorChain #CryptoAnalysis
