#RUNEUSDT 1D Overview

$RUNE recently traded at $4.48, now at $4.481, with the lowest point at $3.93. This indicates potential upward movement from recent highs.

Trading volume shows significant fluctuations over the past days—starting at 13,434,160, rising to 34,076,590, and currently at 17,590,812. This heightened trading activity hints at increased market interest.

ATR currently stands at 0.3009, indicating high volatility during the observed period.

TECHNICALS:

• OBV indicating notable positive growth from 353.2 million to 384.2 million, the volume seems to be moving in favor of buyers. This signals an uptrend in the market.

• RSI at 79.45 has been consistently strong, peaking at 84.04. This suggests a highly overbought market.

• MFI while showing slight fluctuations, the values between 71.65 and 74.37 maintain above-average buying pressure.

• CCI reads above 100 signal increased market momentum, suggesting a continuing bullish phase.

• WR% shows low single-digit readings, indicating oversold conditions.

• ADX values above 50 (55.54 to 52.51) demonstrate a strong trending market.

MOMENTUM:

• SMA indicates a bullish trend, with the price consistently above the moving averages.

• ADI signaling a strong bullish trend, with the +DI greater than the -DI.

• MACD stays in the bullish zone, suggesting a continuing uptrend.

• PSAR reflects a bullish outlook.

Support: $3.276

Resistance: $4.5

OVERALL CHART BIAS:

Considering these factors, my analysis leans heavily towards a bullish trend for its daily frame. Almost all indicators suggest a sustained upward trajectory.

Market’s recent surge has broken the 38% key resistance trendline and is currently trading within the Fib’s golden zone. In case the 50% key resistance trendline gets broken, we can see more upward towards the $6-7 zones.