The Price of RUNE Ripped Into Resistance
The price of RUNE has mooned over the past couple weeks after fighting with the key support down at 3.50.
Thankfully that support level held despite many attempts to crack it. Now price is dealing with a good problem.
It ran into a resistance level!
RUNE Ripped Into Resistance....
Volume!!!
The one main thing I notice about this up move is the volume that can in for it. With volume muted for several months the party finally came to town and over the past two weeks volume has been triple what it was.
I do see that RSI is above the 80 level coupled with price running into the 8.30 resistance as evidenced by those prior tops right around the new year.
Both those lead me to believe that we will see some profit taking here as the recent gains are digested.
The good news is that RUNE has carved out the very early beginnings of an uptrend so we'll see if it can stay within that on any potential pullback over this next week.
Solid up move while most other cryptos haven't done much of late.
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Looks like there's going to be a pullback judging from the hammer candle plus RSI shows overbought.
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That's a very strong bullish break of structure. Good coin to have on the watchlist for a potential long. Thanks!
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Do Kwon founder of Terra called out Rune as a good investment and a lot of people bought in.
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