#Runeustd SCENARIOS

1. Overbought Conditions:

• RSI (6) = 85.852 and RSI (12) = 78.294: Both values indicate that RUNE is currently in overbought territory. When RSI reaches these levels, it typically signals that the asset is overextended and due for a pullback. This suggests a potential downward correction.

2. Support Levels:

If a correction happens, here are the key support levels to watch:

• 4.500: A psychological level that could act as immediate support, as it’s a round number.

• 4.340 (EMA 25): This level lines up with the EMA (Exponential Moving Average) on your chart. Moving averages often act as dynamic support, so this could be the next area where buyers might step in.

• 4.118 (EMA 99): If the price experiences a stronger pullback, this could be the next support level, as it’s the longer-term EMA.

3. Bearish Scenario:

If the price starts to pull back due to overbought conditions, here’s what could happen:

• Pullback to 4.500: The price could test the 4.500 level as immediate support. If buyers defend this level, there could be consolidation before deciding the next move.

• Breakdown to 4.340: If 4.500 doesn’t hold, the next major support would be around the 4.340 area, where the EMA 25 resides.

• Deeper Correction to 4.118: In case of stronger selling pressure, the price could correct further down to around 4.118, where the EMA 99 is positioned, offering stronger support.

4. Bullish Scenario (Less Likely in Short Term):

If the price does not correct and momentum remains bullish, a clear break above 4.600 could push the price towards higher resistance levels, potentially targeting the 4.650-4.700 zone. However, this is less likely due to the overbought signals.

Next Few Hours Outlook:

• Bias: Slightly bearish in the short term, due to overbought indicators (RSI, William %R) suggesting a potential correction.

• Support Levels: 4.500, 4.340, 4.118.

• Resistance Levels: If it breaks above 4.600, look for 4.65-4.70 as the next major target $RUNE