RUNEUSDT exhibits a potential symmetrical triangle formation, with price accumulating near the lower boundary of the pattern within a key external demand zone. The structure suggests a consolidation phase, with a breakout from this range likely to dictate the next major move.
A bullish expansion from this level could drive RUNE toward the main supply zone around $7.25, aligning with previous structural rejections and the descending trendline resistance. A breakout above this zone would confirm bullish momentum, targeting the $20.40 high.
However, failure to maintain support within the demand zone may expose RUNE to further downside, with key support around $2.55
A bullish expansion from this level could drive RUNE toward the main supply zone around $7.25, aligning with previous structural rejections and the descending trendline resistance. A breakout above this zone would confirm bullish momentum, targeting the $20.40 high.
However, failure to maintain support within the demand zone may expose RUNE to further downside, with key support around $2.55
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.