$RUNE /USDT Trading Signal - Bullish Reversal or More Downside?
THORChain (RUNE) is currently trading at $2.107, up +0.43% in the last 24 hours. Despite short-term recovery attempts, RUNE has been in a prolonged downtrend, losing 34.20% in the past 7 days and a staggering 62.33% over the past 90 days. However, the recent price action suggests a potential accumulation zone, with buyers stepping in near $2.00 to support a possible rebound.
š Long Entry:
Entry Range: $2.050 - $2.120
Target 1: $2.180
Target 2: $2.250
Stop Loss: $1.980
š Market Insights:
24H High: $2.152 | 24H Low: $1.994
RUNE has tested the $2.00 support level multiple times, showing resilience.
A breakout above $2.180 could confirm a short-term bullish reversal.
Trading volume is moderate, indicating buyers are watching key levels before making strong moves.
š Key Levels to Watch:
Resistance: $2.180, $2.250
Support: $2.000, $1.980
If RUNE maintains above $2.050, a push toward $2.250 is possible. However, traders should monitor volume and resistance levels before confirming a bullish breakout.
#CryptoTrading #RUNE #THORChain #Altcoins š