Market Overview: Rune/Tether (RUNEUSDT) on 2025-12-18

Summary
• Rune/Tether declined to 0.578 before rebounding into consolidation.
• A key 0.583 support held, with volume surging post-17:00 ET.
• MACD turned positive after 14:30 ET, signaling potential short-term momentum.
• RSI showed oversold conditions, suggesting potential for a rebound.

Rune/Tether (RUNEUSDT) opened at 0.587 on 2025-12-17 at 12:00 ET, hit a high of 0.603, a low of 0.576, and closed at 0.579 by 12:00 ET on 2025-12-18. Total volume was 6,483,068.1 and turnover was approximately 3,709,603.1 USDT over 24 hours.

Structure & Formations

Price tested key support levels at 0.583 and 0.578 on multiple occasions, with 0.583 holding as a short-term floor. A bullish engulfing pattern emerged briefly near 0.578, suggesting buyers may be stepping in. A doji formed near 0.581, indicating indecision and potential consolidation ahead.

Moving Averages

On the 5-minute chart, price remained below the 20-period and 50-period moving averages, indicating short-term bearish bias. Daily moving averages (50/100/200) suggest a longer-term sideways-to-bullish trend is intact, with 0.582 serving as a key psychological level.

MACD & RSI

The MACD turned positive after a strong buying wave post 14:30 ET, showing renewed short-term momentum. RSI reached oversold territory below 30, hinting at potential for a bounce, though bearish pressure remains intact.

Bollinger Bands

Volatility expanded during the late overnight session, with price hitting the lower band multiple times. Price has since retracted and is consolidating near the mid-band, suggesting a potential range-bound phase ahead.

Volume & Turnover

Volume spiked during the 17:00–19:00 ET sell-off, confirming bearish sentiment. A divergence appeared later in the day as volume waned despite a modest price rebound, indicating waning conviction.

Fibonacci Retracements

A key 5-minute retracement level at 0.582 (38.2%) held as support, while the 0.587 (61.8%) level may serve as resistance in the short term. Daily retracement levels from the 0.576 low suggest a potential target at 0.584.

Looking ahead, Rune/Tether appears to be consolidating after a sharp sell-off, with oversold RSI suggesting some rebound potential. However, a break below 0.578 could trigger further bearish momentum. Investors should closely watch the 0.583–0.584 level for a potential reversal or continuation.