$RUNE /USDT Approach to Key Levels: Prepare for Volatility at $1.31❗#ThorChain is trading at $1.31, down 6.76%, as it tests support around $1.292. Market sentiment shows uncertainty, and a decisive move may be inevitable.
Critical Levels to Watch:
Resistance: $1.35 – A breakout here could push RUNE to $1.40 and $1.45.
Support: $1.29 – If broken, expect a drop to $1.25 or $1.20.
Trading Strategy:
Long Position: Above $1.32, targeting $1.35 and $1.40.
Short Position: Below $1.29, aiming for $1.25 and $1.20.
Stop-Loss: $1.30 for both strategies.
Market Analysis:
The RSI index at 40.6 reflects oversold conditions, suggesting potential for a short-term rebound if buyers return.
