Technical Analysis for $RUNE

/USDT

Current Price: $6.37

Support Level: $6.15

Resistance Level: $6.83

Trade Signal

Trend: Bullish (Price is slightly up, with a positive 0.87% change)

Momentum: The momentum is currently favorable for upward movement, as the price is testing resistance levels and has been steadily increasing.

RSI (Relative Strength Index): If the RSI is below 70, this indicates the asset is not overbought, which suggests room for more upside. Conversely, a high RSI might signal an overbought condition.

Trade Targets

Target 1: $6.60 (near resistance, if price breaks the current trend)

Target 2: $6.75 (stronger resistance level, possible short-term peak)

Target 3: $7.00 (next major resistance zone)

Trade Momentum

Bullish momentum indicates a higher probability of an upward breakout. Watch for any retracement below $6.15 to confirm continuation or reversal signs.

Trade Strategy

Buy near $6.20-$6.30 for possible momentum toward the targets.

Stop Loss: $6.10 (below support)

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