$RUNE /USDT

Analyzing the recent 4-hour chart from Binance, the market demonstrates significant dynamics. The candlesticks reflect a notable recovery from a low of 3.825, climbing to the current level of 4.352. The Moving Averages (MA) indicate crucial trends: the MA(7) at 4.176, the MA(25) at 4.275, and the MA(99) at 5.099.

A notable resistance is observed around the MA(25) at 4.275, as the price recently tested this level before slightly retreating. The substantial drop from 4.889 to 3.825 earlier shows that the market experienced significant bearish pressure, yet the recent uptrend suggests a potential reversal.

Volume analysis adds another layer of insight. The spike in trading volume on June 16, 2024, shows increased market activity, potentially signaling stronger buyer interest as the price started to rise. The current volume still supports the bullish trend, indicating that buyers are still active.

For traders, the immediate focus should be on whether the price can sustain above the MA(25) and aim for the MA(99) at 5.099 as the next resistance level. If the price breaks above the 4.275 resistance convincingly with strong volume, it could signal further upward momentum. However, failure to maintain this level might result in consolidation or a retest of lower supports around 3.825. Always consider the market's volatility and utilize stop-loss strategies to manage potential risks effectively.

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