$RUNE RUNE/USDT Technical Analysis with Sell Recommendations

1. General Price Trend

• The price is in a clear downtrend, having seen a sharp decline of -32.81% over the past 24 hours.

• The price has started to recover slightly after hitting the bottom at 1.386 and has now risen to 1.501.

2. Technical Indicators

• Relative Strength Index (RSI):

• At 27.369, indicating that the asset is in an oversold zone, and there may be a temporary rebound.

• Japanese Candlesticks:

• The appearance of a green candle after a sharp decline indicates recovery attempts, but there is no confirmation of a trend reversal yet.

3. Resistance and Support Levels

• Strong Support: 1.386 (24-hour low).

• Nearby Resistance: 1.533, and if broken, the price may reach 1.724.

4. Recommendations (Sell or Wait?)

✅ Sell recommendation:

• If the price rises to the 1.533 - 1.60 area without strong trading volume, the decline is expected to continue, making it an opportunity to sell at the resistance.

• Place a stop loss at 1.65 to avoid any unexpected reversals.

⏳ Wait and watch:

• If the price breaks the 1.386 level down, the decline may continue to 1.30 - 1.20, making selling on the retest a good option.

• If the price rises with strong trading volume above 1.533, there may be a change in the trend, making buying better.

Conclusion:

• The trend is down but there is a slight bounce.

• Sell at 1.533 - 1.60 with stop loss at 1.65.

• Watch for break of 1.386