RUNE Weekly Technicals: $0.35 support test vs $0.3885 resistance before di risk say e go bounce because e don too sell
RUNE dey still for weekly downtrend and e dey test the $0.35 support zone. The article talk say e drop about 4.69% for the week and dey inside tight $0.37–$0.40 trading range. If e no fit break $0.3885, the bearish setup go remain for next week.
Key levels for RUNE traders:
- Support: $0.35 (major pivot). If e break, downside dey target $0.2581.
- Resistance: $0.3885 (first trigger). If price close above, fit open move go $0.4785.
Momentum signals: weekly RSI(14) weak (~36.8), dey near oversold. MACD histogram still negative but dem talk say e dey narrow—this fit raise the odds for oversold bounce. Price still dey below short-term EMA20 (around ~$0.41), wey dey act as bearish trend filter.
BTC correlation still be the catalyst. With BTC weak, article warn say RUNE fit push lower; BTC strong (reclaim >$70k in example) fit help RUNE recover. Traders suppose use BTC as trend filter and keep risk controlled until volume confirm breakout.
Futures-style plan wey dem mention: long only if daily/weekly close pass $0.3885 (enter near $0.39, target $0.4785, stop about $0.37). Bear case na short on close below $0.35 (entry ~ $0.34, target $0.2581, keep leverage low like 2–5x).
Bearish
Di mix dem articles still de keep RUNE for bearish weekly bias because price dey under EMA20 and e no fit reclaim the main $0.3885 resistance. But dem still dey flag small short-term bounce: weekly RSI near oversold and MACD momentum fit dey tighten. Wetin go determine traders remain whether RUNE fit hold $0.35; if e break, e go likely quicken the move toward $0.2581, while if e close steady above $0.3885 e go cancel the immediate bearish setup and better the risk/reward profile.