🛡️ $RUNE
/ USDT (THORChain)
Price: $0.595 | Change: -7.18%
Market Overview:
RUNE has been on a wild ride. After a strong bounce from the $0.49 lows, it's now facing a serious test at the **$0.66–$0.665** resistance zone . The RSI was flashing overbought, and we are now seeing the expected correction. The price is sitting below the MA5 and MA20, indicating that the short-term momentum is still bearish . This is a "wait and see" zone. If the buyers can defend the $0.60 psychological level, it sets up for a potential second leg up.
Key Support & Resistance:
· Support: The critical zone is $0.60–$0.62. The Bollinger Band lower bound is around $0.614. If $0.60 breaks, the next stop is the $0.49 base .
· Resistance: $0.65–$0.665 is the heavy ceiling. You need a massive volume breakout to clear this .
Pro Tip: The funding rate was slightly positive (+0.0100%), meaning longs are paying shorts to stay in the game . If the price stalls here, those longs might get squeezed out, giving you a better entry lower down.
Short-Term (Intraday):
Look for a dip buy only if we see a clean bounce with volume near $0.614. Avoid chasing the green candles.
Long-Term Insight:
THORChain's cross-chain liquidity is a fundamental utility in DeFi. However, the token is volatile and relies heavily on trading volume. If the broader market stabilizes, RUNE has historically been a high-beta play that recovers fast.
Trade Targets (Long Setup – Waiting for Confirmation):
1. TP1: $0.65 (First hurdle)
2. TP2: $0.68 (Structural target)
3. TP3: $0.72 (If momentum returns)
*Stop Loss: $0.60 (Below the local support and psychological level)*
#BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts
/ USDT (THORChain)
Price: $0.595 | Change: -7.18%
Market Overview:
RUNE has been on a wild ride. After a strong bounce from the $0.49 lows, it's now facing a serious test at the **$0.66–$0.665** resistance zone . The RSI was flashing overbought, and we are now seeing the expected correction. The price is sitting below the MA5 and MA20, indicating that the short-term momentum is still bearish . This is a "wait and see" zone. If the buyers can defend the $0.60 psychological level, it sets up for a potential second leg up.
Key Support & Resistance:
· Support: The critical zone is $0.60–$0.62. The Bollinger Band lower bound is around $0.614. If $0.60 breaks, the next stop is the $0.49 base .
· Resistance: $0.65–$0.665 is the heavy ceiling. You need a massive volume breakout to clear this .
Pro Tip: The funding rate was slightly positive (+0.0100%), meaning longs are paying shorts to stay in the game . If the price stalls here, those longs might get squeezed out, giving you a better entry lower down.
Short-Term (Intraday):
Look for a dip buy only if we see a clean bounce with volume near $0.614. Avoid chasing the green candles.
Long-Term Insight:
THORChain's cross-chain liquidity is a fundamental utility in DeFi. However, the token is volatile and relies heavily on trading volume. If the broader market stabilizes, RUNE has historically been a high-beta play that recovers fast.
Trade Targets (Long Setup – Waiting for Confirmation):
1. TP1: $0.65 (First hurdle)
2. TP2: $0.68 (Structural target)
3. TP3: $0.72 (If momentum returns)
*Stop Loss: $0.60 (Below the local support and psychological level)*
#BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts