Following a prolonged downtrend, $RUNE has climbed to $1.243, reflecting a 5.61% gain in the past 24 hours. The price established support around $1.193, prompting a strong recovery accompanied by increasing trading volume. If this momentum continues, $RUNE could move towards higher resistance levels.
Key Support and Resistance Levels
Resistance: $1.28 — A breakout above this level could pave the way for further gains towards $1.32 and higher.
Support: $1.19 — Holding above this level is crucial for maintaining the bullish structure.
Price Targets to Monitor
Target 1: $1.30
Target 2: $1.35
Target 3: $1.42
Market Outlook
The increasing buying pressure suggests that $RUNE is showing early signs of a potential bullish reversal. A confirmed move above $1.28 would further validate this outlook. Traders are advised to monitor these critical levels closely, along with trading volume, for additional confirmation.
