Current Market Overview
$RUNE Price: $1.802 (-19.3%)
RUNEUSDT Perpetual: $1.808 (-18.96%)
Over the past four weeks, RUNE has experienced a significant decline, reflecting a strong bearish trend. The recent downturn has been exacerbated by selling pressure driven by market uncertainties and FUD (Fear, Uncertainty, and Doubt).
Key Support and Resistance Levels
Critical Weekly Support Zone: $1.70 – $1.50
This range is crucial for RUNE to hold; failure to maintain support could lead to further downside.
A potential bounce-back may occur if the price stabilizes within this zone.
Risk Management & Trading Strategy
Caution is Advised: Due to prevailing selling pressure, traders should avoid entering positions without a stop-loss (SL).
Volatility Considerations: Market conditions remain highly dynamic, and RUNE’s price action should be closely monitored before making trading decisions.
Final Thoughts
While RUNE may present opportunities for a rebound, it is essential to conduct thorough research (DYOR) before taking any action. Cryptocurrency markets are highly volatile, and staying informed is crucial for making well-informed trading decisions.
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