$RUNE To estimate how far the price of RUNE/USDT could correct, it is useful to consider recent support levels and some technical indicators:
1. Recent supports: In the chart, a key visible support is around 5.186 USDT and 5.000 USDT. If the price loses these levels, the next important support might be found around 4.843 USDT (according to the Parabolic SAR at that level).
2. Strength indicators:
• RSI: Currently at neutral levels, indicates that there is still room to go down without entering an oversold zone. If the RSI drops towards 30, it could indicate that the price is reaching a zone where there tends to be demand (possible support).
• MACD: If the histogram and the signal lines start to turn downwards, it could indicate greater bearish momentum. If this happens, the probability of the price reaching support levels increases.
3. Fibonacci retracements: If we apply a Fibonacci retracement from the last bullish movement, the 38.2% and 50% levels can also act as support zones and are usually levels where the price could find buyers.
In summary, a likely correction range could be between 5.000 USDT and 4.843 USDT, with lower levels if the bearish momentum continues.