$RUNE $RUNE

RUNE/USDT Technical Analysis: A Bearish Outlook

The RUNE/USDT pair is currently trading at $4.503, down 10.28% in the past 24 hours. The technical indicators suggest a bearish outlook for the cryptocurrency.

Support and Resistance:

* Support: The immediate support level is at $4.218. If the price breaks below this level, it could further decline to the next support level at $4.170.

* Resistance: The immediate resistance level is at $4.863. If the price breaks above this level, it could rally towards the next resistance level at $5.210.

Entry Strategy:

A potential entry strategy for bearish traders would be to wait for a break below the support level of $4.218 and then sell RUNE. A stop-loss order can be placed above the resistance level to limit potential losses.

Overall Outlook:

The technical indicators suggest that RUNE/USDT is currently in a bearish trend. The recent price decline has increased the selling pressure on the cryptocurrency. Traders should monitor the price action closely and adjust their positions accordingly.

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