The current price of $RUNE /USDT is $3.91, reflecting a decline of 3.15% in the last 24 hours. The pair has seen a high of $4.10 and a low of $3.861 during this period. The recent peak at $4.127 suggests a resistance level that the price struggled to maintain, indicating potential selling pressure. Conversely, the support level is positioned at $3.846, which corresponds with the 24-hour low, providing a critical point for traders to watch.
Analyzing the recent candlestick patterns, there is a mix of bullish and bearish movements, with the latest candles predominantly showing bearish trends. This pattern suggests that selling pressure has intensified, particularly after the price touched the resistance at $4.127. If the price can hold above the support level at $3.846, there may be opportunities for a rebound.
Volume analysis reveals that trading activity has been relatively robust, with 11.87 million RUNE traded in the last 24 hours. An increase in volume during price declines indicates strong selling interest, while rising volume during price increases would signal healthy buying activity. Monitoring these trends is essential for understanding potential market shifts.
In conclusion, the RUNE/USDT pair is currently experiencing a bearish trend with significant selling pressure. Traders should closely observe the support level at $3.846 for any signs of a bounce-back, while the resistance at $4.10 remains a key barrier for upward movement. Keeping an eye on volume trends and momentum indicators will provide further insights into the market's direction.
