$RUNE /USDT Analysis: Recovery from Major Low
$RUNE is trading at $1.393, reflecting a 14.45% recovery today after hitting a 24-hour low of $0.955. The momentum shows potential for further upside, yet resistance levels remain a challenge.
Key Levels to Watch:
Resistance: $1.474 – A breakout could target $1.55 and $1.65 for further gains.
Support: $1.18 – Losing this level may lead to a retest of $1.00.
Trade Setup:
Long Entry: Above $1.474, targeting $1.55 and $1.65.
Short Entry: Below $1.18, targeting $1.00 and $0.955.
Market Insights:
The RSI is 67.93, nearing overbought levels, signaling caution.
The MACD indicates bullish momentum, with rising histograms confirming short-term upward strength.
Wait for a confirmed breakout or rejection to determine the next significant move. Tight risk management is crucial as volatility remains high.
