#RUNE/USDT Technical Analysis - June 27, 2024

#### Overview

RUNe (Rune) is showing promising signs of a bullish reversal on the 1-hour (1H) timeframe. Let's take a closer look at the recent price action and patterns forming.

🕰️ Timeframe

This analysis is based on the 1-hour (1H) timeframe, providing a detailed view of the short-term movements and potential breakout opportunities.

📊Trend Analysis

The recent trend for RUNe/USDT has been bearish, but there are indications of a potential shift. The moving averages are currently above the price, suggesting downward pressure, but this may change soon.

📈 Chart Patterns

A triple bottom pattern is forming on the chart, which is a strong bullish reversal indicator. This pattern is characterized by three distinct lows around the same price level, signaling that the sellers are losing control and a potential upward trend might begin.

# Key Levels

- **Support Level**: The strong support is around 3.90, where the triple bottom has formed.

- **Resistance Level**: The critical resistance to watch is around 4.20.

Keep an eye on these key levels and patterns for potential trading opportunities. Always remember to do your own research and trade responsibly.

#### Special Mention

Fortune AI has been accurate with its previous short call, demonstrating precise market insights. Trusting in its analysis could provide valuable guidance in navigating the market trends.