Looking at the updated chart for **RUNE/USD**:
### Indicators Breakdown:
1. **RSI (Relative Strength Index)**:
- **RSI(6): 80.85**, **RSI(12): 71.18**, and **RSI(24): 64.03**.
- The short-term **RSI(6)** is above 80, signaling strong **overbought conditions**.
- The medium-term **RSI(12)** is also slightly above 70, indicating overbought territory.
- The **RSI(24)** is approaching 70 but remains below it, suggesting that the longer-term trend is not as extreme but still close to overbought.
2. **MACD (Moving Average Convergence Divergence)**:
- The MACD is positive with **DIF: 0.111**, **DEA: 0.056**, and **MACD: 0.055**. This shows that bullish momentum is still in place, though the MACD histogram indicates that this momentum might be stabilizing or weakening soon.
3. **Stochastic (K, D, J)**:
- **K: 88.68**, **D: 78.00**, and **J: 110.04**.
- The stochastic indicators are extremely high, with **J** over 100, confirming overbought conditions. This is another sign that a correction or pullback is likely soon.
4. **Wm%R (Williams %R)**:
- **Wm%R: -4.94**, which is very close to 0, indicating **overbought levels** as well. This is a strong signal for a possible price reversal in the near term.
### Conclusion:
Most of the indicators (RSI, Stochastic, Williams %R) show **overbought conditions**, signaling a likely **short-term correction** or **pullback**. The price has spiked, but these conditions suggest a high probability of the asset cooling off before it continues upward.
In the short term, it may be a good idea to watch for a reversal or consolidation before considering further buy positions. Protecting gains or setting a stop-loss could be a strategy to manage risk if you are already long.#Runeustd $RUNE