$RUNE Long Liquidation: $73.4K at $2.381!
RUNE bulls got caught off guard as the price dipped below expectations, triggering significant long liquidations. The market is showing signs of bearish pressure.
Key Points:
Liquidation: $73.4K worth of long positions wiped out.
Price Action: Dropped to $2.381, breaking critical support.
Market Signal: Bears are gaining control; bulls need to regroup.
If selling pressure continues, RUNE might retest $2.30 - $2.25.
For recovery, bulls need to reclaim $2.40 to regain momentum.
Long-Term Detail:
This liquidation suggests a weakening bullish narrative, likely due to reduced demand or macro uncertainties. RUNE is currently in a vulnerable position, and further downside is possible if selling pressure intensifies. Traders should watch for increased volume near key support levels or potential whale interventions to stabilize the price.
Stay cautious in this volatile zone!
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