$RUNE
Rallied and closed above the overhead resistance of $5 on Sept. 26, indicating the start of a new up move.

The upsloping moving averages and the RSI near the overbought zone suggest that buyers have the upper hand. A minor pullback to the breakout level of $5 cannot be ruled out. If the price rebounds off $5 with strength, it will improve the prospects of a rally above $6. The RUNE/USDT pair may then climb to $7.

If bears want to prevent the upside, they will have to drag the price below the 20-day EMA ($4.66). Such a move will suggest that the breakout may have been a bull trap. The pair could then slide to the 50-day SMA ($4.11).

The pair has pulled back to the 20-EMA on the 4-hour chart. If this support cracks, the correction could reach the breakout level of $5. Buyers are expected to vigorously defend the $5 support.

On the other hand, if the price turns down and breaks below $5, it will suggest that the bulls are booking profits in a hurry. That could start a deep correction toward the next crucial support at $4.40.