Current State: RUNE price faces a downturn, currently trading at $4.53, teetering around a key support level.
Recent Drop: Experienced a significant 10.54% fall last night, signaling potential market volatility.
Key Support: Finds itself at the critical $4.50 mark, a pivotal point for the upcoming price trend.
Technical Formation: A potential double bottom pattern is forming, indicating a possible bullish reversal.
Below 50D EMA: RUNE is currently trading lower than the 50-day Exponential Moving Average.
Fibonacci Levels: The price aligns with the 50% Fibonacci retracement level, adding to the crucial support.
Bearish Engulfing Pattern: The formation of a bearish engulfing candle at the 50D EMA hints at heightened selling pressure.
Market Sentiment: Despite the broader market downtrend, RUNE's technicals suggest a reversal might be imminent.
Intraday Candle: A Doji stick in the daily chart is teasing a potential morning star pattern, a bullish sign.
RSI Indicator: Shows bullish divergence, further supporting the reversal theory.
Volume Spike: A noticeable spike in trading volume could fuel the potential upside.
Upside Potential: If the bullish reversal materializes, RUNE could target the $7 level.
Recent Drop: Experienced a significant 10.54% fall last night, signaling potential market volatility.
Key Support: Finds itself at the critical $4.50 mark, a pivotal point for the upcoming price trend.
Technical Formation: A potential double bottom pattern is forming, indicating a possible bullish reversal.
Below 50D EMA: RUNE is currently trading lower than the 50-day Exponential Moving Average.
Fibonacci Levels: The price aligns with the 50% Fibonacci retracement level, adding to the crucial support.
Bearish Engulfing Pattern: The formation of a bearish engulfing candle at the 50D EMA hints at heightened selling pressure.
Market Sentiment: Despite the broader market downtrend, RUNE's technicals suggest a reversal might be imminent.
Intraday Candle: A Doji stick in the daily chart is teasing a potential morning star pattern, a bullish sign.
RSI Indicator: Shows bullish divergence, further supporting the reversal theory.
Volume Spike: A noticeable spike in trading volume could fuel the potential upside.
Upside Potential: If the bullish reversal materializes, RUNE could target the $7 level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.