RUNE is at a critical turning point, and the market atmosphere is becoming increasingly tense! After successfully bouncing off the key $3.80 level, it is now aggressively challenging the $4.00 resistance zone. Notably, the 99-day moving average, which is firmly located near $3.79, has been a solid backstop for the bulls in recent weeks, reinforcing their confidence to push the price higher further.
What’s even more exciting is that the MACD indicator shows signs of optimism, and its positive crossover indicates the strengthening of bulls’ power! However, we still need to proceed with caution as although volume has remained relatively stable, it has not yet seen a significant surge, suggesting that stronger buying power is needed to consolidate and confirm the current uptrend.
If RUNE can forcefully break through the psychological $4.20 mark, its price could soar to $4.50 or even higher, which would be a significant recovery from the July lows. But at the same time, investors need to remain vigilant, because once RUNE encounters resistance here and loses support at $3.80, short forces may take the opportunity to counterattack and pull its price back to the $3.50 area.
At this moment, the market is at a critical moment, and patience has become the key to victory. All participants are waiting with bated breath to pay close attention to the next explosive increase in trading volume, which will be a key signal that determines the future direction of RUNE. So whether you're bracing for an uptick or dealing with a downturn, stay alert and ready to take action. Now is the time to sharpen your focus and prepare to pull the trigger.
