RUNEUSDT Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\nAccording to the chart above, the bulls have encountered difficulties driving the price upwards, restricted within the confines of a falling wedge pattern. <\/span><\/p>\nHowever, they have quickly found a footing, helping them to gain ground, as the RUNE price shows a robust recovery from the $0.78 support level located at the lower boundary of the falling wedge. <\/span><\/p>\nThe breakout above the upper boundary of the wedge further highlights this recovery.<\/span><\/p>\nThis bullish sentiment is reinforced by the presence of strongly optimistic price indicators. <\/span><\/p>\nAs of the time of writing, the price stands above both the 50 and 200 simple moving averages, validating the existence of bullish momentum. <\/span><\/p>\nThe averages trade at $1.11 for the 50 SMA and $1.29 for the 200 SMA. <\/span><\/p>\nFurthermore, the 50 SMA is progressively nearing a potential crossover with the 200 SMA. Similarly, the relative strength index is currently trending at 80, surpassing the overbought threshold of 70. <\/span><\/p>\nThis serves to validate the presence of bullish momentum in RUNE’s price.<\/span><\/p>\nPrediction<\/b><\/p>\n
The price outlook for RUNE is mainly positive, with critical resistance points set at $2.22 and $3.02. <\/span><\/p>\nHowever, if the price encounters resistance at $2.22, we might see a retracement to $1.72, potentially followed by a bullish rebound.<\/span><\/p>\nFor those who might have missed the bullish rally of RUNE, Wall Street Memes (WSM) presents a compelling chance for investors. <\/span><\/p>\nThe offering comes at a low price in its ongoing presale phase, indicating the potential for substantial returns at the end of the presale.<\/span><\/p>\n