RUNE/USDT Eyes $4.500 Resistance as Bulls Gain Momentum
$RUNE

RUNE/USDT is currently trading at $4.031, with a gain of +5.03%. The price is fluctuating between the $3.800 support level and the $4.500 resistance level, indicating a consolidation phase after a recent price increase. The price is currently above the 200-period moving average at $3.939, signaling a bullish bias. The VWAP at $3.938 is slightly below the current price, reinforcing the bullish sentiment.

The RSI is at 54.07, indicating neutral conditions but leaning slightly toward overbought territory, suggesting that the price has some room for further upside before any significant pullback occurs.

The MACD line is at 0.007, with the signal line at -0.009, signaling weak bullish momentum. However, the histogram shows slight positive bars, indicating that while the momentum is positive, it remains relatively weak.

Key support levels are around $3.800. If the price breaks below this level, the next target could be around $3.500. Conversely, a break above $4.500 could lead to a rally towards $5.000 or higher.

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.

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