Rune could be set for a relief bounce despite having difficulty breaking the daily resistance.<\/p>\n
The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally.<\/p>\n\n
Rune Weekly Chart Analysis<\/p>\n
The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80% decline.<\/p>\n
After finding a low at $1.58, it has started making a move with buyers stepping in; Rune has formed strong support at $1.6 with a weekly resistance of $3.7<\/p>\n
Major resistance on the weekly chart \u2013 $3.7<\/p>\n
Major support on the weekly chart \u2013 $1.6<\/p>\n
Rune Daily Chart Analysis<\/p>\n
\u00a0<\/p>\n
Rune Price Analysis On The Daily Chart | Source: RUNEUSDT On Tradingbiew.com<\/p>\n
The daily chart for Rune price shows a rising trend after falling to $1.58.<\/p>\n
Haven struggled for days to reclaim important support on the daily chart; Rune is finally showing relief as it aims to reclaim significant support just above the 50 exponential moving average (EMA).\u00a0<\/p>\n
Although Rune still trades below the 200 exponential moving average (EMA), it gives a sense of relief that on the low timeframe, Rune is doing well. A reclaim above the 200 EMA could send Rune higher.<\/p>\n
Rune has resistance at $2.85; a breakout and close above this region could send Rune to a region of $3.3, should there be a pullback for the price of Rune, we would see a retest of the daily support at $2.45.<\/p>\n
Daily resistance \u2013 $2.85.<\/p>\n
Daily support \u2013 $2.45.<\/p>\n
Rune Price Analysis On The 4H Chart
\nRune Price Analysis On The 4H Chart | Source: RUNEUSDT On Tradingview.com<\/p>\n
The price of Rune on the 4H chart shows the price has reclaimed both the 50 & 200 EMA, indicating an upward trend if all market conditions remain favorable.<\/p>\n
Rune has a resistance of $2.85 on the 4H chart for it to trade higher. A break and close of this region would be good for Rune holders.<\/p>\n
The volume of Rune shows buyers are stepping into the market after a series of panic sales due to market decline.<\/p>\n
Rune has a relative strength Index above the 50 mark showing good signs of buy orders in the market.<\/p>\n
If Rune fails to go higher in the price above $2.85, a pullback is expected to the support that corresponds with the 50 EMA with another key support on the 200 EMA.<\/p>\n
Resistance on the 4H chart \u2013 $2.85.<\/p>\n
Support on the 4H chart \u2013 $2.6, $2.4.<\/p>\n
Rune 1H Chart Analysis<\/p>\n
Rune on the 1H chart shows a good buying volume in the market with the RSI over the 70 mark region. Rune is having a challenge breaking the resistance at $2.85, breaking and closing above this region is important to sustain the bullish structure for Rune.<\/p>\n
Rune has the structures of a solid project and looks good in the high timeframe as these timeframes maintain trends better.<\/p>\n\n
\u00a0<\/p>\n
Featured Image From The Coin Republic, Charts from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Rune could be set for a relief bounce despite having difficulty breaking the daily resistance.<\/p>\n
The crypto market saw a setback in price after Bitcoin (BTC) saw a retracement back to a key support area leading to a drawback to the likes of Rune, but the market state indicates Rune could be set for a rally.<\/p>\n
Rune Weekly Chart Analysis<\/p>\n
The price of Rune has seen a continuous downtrend from a high of $12 to a low of $1.6 in weeks for what seems to be more than an 80% decline.<\/p>\n
After finding a low at $1.58, it has started making a move with buyers stepping in; Rune has formed strong support at $1.6 with a weekly resistance of $3.7<\/p>\n
Major resistance on the weekly chart \u2013 $3.7<\/p>\n
Major support on the weekly chart \u2013 $1.6<\/p>\n
Rune Daily Chart Analysis<\/p>\n
\u00a0<\/p>\n
Rune Price Analysis On The Daily Chart | Source: RUNEUSDT On Tradingbiew.com<\/p>\n
The daily chart for Rune price shows a rising trend after falling to $1.58.<\/p>\n
Haven struggled for days to reclaim important support on the daily chart; Rune is finally showing relief as it aims to reclaim significant support just above the 50 exponential moving average (EMA).\u00a0<\/p>\n
Although Rune still trades below the 200 exponential moving average (EMA), it gives a sense of relief that on the low timeframe, Rune is doing well. A reclaim above the 200 EMA could send Rune higher.<\/p>\n
Rune has resistance at $2.85; a breakout and close above this region could send Rune to a region of $3.3, should there be a pullback for the price of Rune, we would see a retest of the daily support at $2.45.<\/p>\n
Daily resistance \u2013 $2.85.<\/p>\n
Daily support \u2013 $2.45.<\/p>\n
Rune Price Analysis On The 4H Chart
\nRune Price Analysis On The 4H Chart | Source: RUNEUSDT On Tradingview.com<\/p>\n
The price of Rune on the 4H chart shows the price has reclaimed both the 50 & 200 EMA, indicating an upward trend if all market conditions remain favorable.<\/p>\n
Rune has a resistance of $2.85 on the 4H chart for it to trade higher. A break and close of this region would be good for Rune holders.<\/p>\n
The volume of Rune shows buyers are stepping into the market after a series of panic sales due to market decline.<\/p>\n
Rune has a relative strength Index above the 50 mark showing good signs of buy orders in the market.<\/p>\n
If Rune fails to go higher in the price above $2.85, a pullback is expected to the support that corresponds with the 50 EMA with another key support on the 200 EMA.<\/p>\n
Resistance on the 4H chart \u2013 $2.85.<\/p>\n
Support on the 4H chart \u2013 $2.6, $2.4.<\/p>\n
Rune 1H Chart Analysis<\/p>\n
Rune on the 1H chart shows a good buying volume in the market with the RSI over the 70 mark region. Rune is having a challenge breaking the resistance at $2.85, breaking and closing above this region is important to sustain the bullish structure for Rune.<\/p>\n
Rune has the structures of a solid project and looks good in the high timeframe as these timeframes maintain trends better.<\/p>\n
\u00a0<\/p>\n
Featured Image From The Coin Republic, Charts from TradingView.com\u00a0<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-4850","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=4850"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/4850\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=4850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=4850"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=4850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}