#量价配合 Bottom line: RUNE’s rebound looks strong, but volume hasn’t followed through.
The current price is $0.58, up 12.37% in 24 hours, bouncing more than 11% from the low of $0.4966. The 4-hour RSI is at 25.7, having just climbed out of oversold territory, so it has bounced in the short term.
But the volume is interesting: today’s trading volume is just over $20 million, only about 40% of the 7-day average of $51 million. By contrast, during the sell-off a few days ago, daily volume hit $145 million. Heavy-volume selling followed by a low-volume rebound makes this bounce look a little shaky.
The moving averages haven’t turned around yet, either: the price at $0.58 is above the MA7 ($0.54), but the MA25 is still overhead at $0.61. It needs to hold above $0.61 and see volume return before looking toward $0.63 and beyond. If it can’t even hold the low of $0.50, then we could be looking at another new low.
$RUNE
The current price is $0.58, up 12.37% in 24 hours, bouncing more than 11% from the low of $0.4966. The 4-hour RSI is at 25.7, having just climbed out of oversold territory, so it has bounced in the short term.
But the volume is interesting: today’s trading volume is just over $20 million, only about 40% of the 7-day average of $51 million. By contrast, during the sell-off a few days ago, daily volume hit $145 million. Heavy-volume selling followed by a low-volume rebound makes this bounce look a little shaky.
The moving averages haven’t turned around yet, either: the price at $0.58 is above the MA7 ($0.54), but the MA25 is still overhead at $0.61. It needs to hold above $0.61 and see volume return before looking toward $0.63 and beyond. If it can’t even hold the low of $0.50, then we could be looking at another new low.
$RUNE
