Mudrex

RUNE Weekly Analysis

BINANCE:RUNEUSDT   RUNE / TetherUS
Last week, RUNE experienced a significant 24.84% decline. Presently, it's entrenched in a downward parallel trend, with a potential regression to the $7.336 level, currently trading around a key support zone. If this support level is breached, we may anticipate a continuation of the downtrend. Short-term indicators, such as moving averages and oscillators, are signaling a strong sell signal. However, on a monthly basis, oscillators are suggesting a sell, while moving averages are indicating a strong buy signal.

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