$RUNE
$RUNE Bulls Gaining Momentum! 🚀 Is it time for a Breakout?
Market Analysis:
Looking at the 1H chart for RUNE/USDT, the price action is showing strong bullish characteristics. Currently trading around 0.599, RUNE has gained over 2% in the last 24 hours.
Key Technical Indicators:
Parabolic SAR: Dots are positioned below the candles, confirming a solid upward trend.
MACD: We see a positive crossover with green histograms, suggesting buyers are in control.
RSI Check: The RSI(10) is currently at 69.4, approaching the overbought zone. While momentum is strong, we should watch for a potential minor pullback before the next leg up.
Targets & Support:
🎯 Resistance: The immediate target is the recent high at 0.608. A clean break above this level could lead to a massive rally.
🛡️ Support: In case of a retracement, strong support is sitting at 0.585 (Middle Bollinger Band).
Trading Strategy:
I am keeping a close eye on the 0.608 resistance. If we get a 1-hour candle close above it, it could be a great entry point for a long position. Always remember to use a Stop Loss to manage your risk!
What do you think? Will RUNE break the 0.610 barrier today or consolidate first? Let me know your thoughts in the comments! 👇
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