$RUNE /USDT Approaching Key Levels: Brace for Volatility at $1.31❗#ThorChain is trading at $1.31, down by 6.76% as it tests support near $1.292. The market sentiment shows uncertainty, and a decisive move could be imminent.
Critical Levels to Watch:
Resistance: $1.35 – A breakout here may push RUNE toward $1.40 and $1.45.
Support: $1.29 – If breached, expect a decline to $1.25 or $1.20.
Trade Strategy:
Long Entry: Above $1.32, targeting $1.35 and $1.40.
Short Entry: Below $1.29, aiming for $1.25 and $1.20.
Stop Loss: $1.30 for both setups.
Market Insight:
The RSI at 40.6 reflects oversold conditions, suggesting potential for a short-term bounce if buyers return.