#RUNEUSDT Momentum Analysis
RUNEUSDT is currently trading at $4.789. On the 4-hour timeframe, it shows a potential bullish trend, having moved above the 200-period SMA ($3.979) and testing the VWAP resistance ($4.830). The RSI at 65.00 suggests a slightly overbought condition, while the MACD indicates mild bullish momentum. Increased volume supports the buying interest.
On the daily timeframe, the price remains above the 200-period SMA ($5.651), indicating a longer-term bullish trend, although it is testing the VWAP resistance.
The RSI at 64.31 and MACD also show bullish momentum. A break and sustain above the VWAP could signal a continuation of the bullish trend, targeting $5.00 and $5.50. Conversely, failing to sustain above the VWAP may lead to a bearish trend towards $4.00 and $3.50.
Bullish Scenario:
If RUNEUSDT breaks and sustains above the VWAP in both timeframes, it could signal a continuation of the bullish trend. Targets could be set around $5.00 and $5.50.
Bearish Scenario:
If the price fails to sustain above the VWAP and falls below the 200-period SMA, it could indicate a bearish trend towards lower support levels around $4.00 and $3.50.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies carries a high level of risk, and you should consult with your financial advisor before making any investment decisions.
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