Market Overview for Rune/Tether (RUNEUSDT) – October 29, 2025

• Rune/Tether (RUNEUSDT) opened at $0.882 and closed near $0.880 after a volatile 24-hour range.
• Price briefly spiked to $0.891 before correcting sharply, forming bearish reversal structures.
• Key support at $0.86–0.87 appears strong, with volume surging during the consolidation phase.
• RSI remains below overbought/oversold thresholds, suggesting neutral momentum.
• Bollinger Bands show tightening volatility ahead of a potential breakout attempt.

Rune/Tether (RUNEUSDT) opened at $0.882 on October 28 at 12:00 ET and closed near $0.880 at the same time on October 29. The pair traded between $0.843 and $0.947 during the 24-hour period, with a total traded volume of 9,470,000 units and an estimated turnover of approximately $8.16 million. The session included sharp price swings and a bearish correction from the $0.891 peak.

Over the past 24 hours, RUNEUSDT formed notable candlestick formations that suggest bearish exhaustion and potential reversal. A large bearish engulfing pattern developed around $0.888–0.883, signaling a shift in sentiment after a brief bullish surge. Key support levels include the $0.862–0.865 zone, where multiple consolidation patterns formed, and a potential double-bottom shape emerged around $0.865. Resistance remains strong above $0.885, with the 50-period moving average hovering near $0.880 as a dynamic line of contention.

The 20-period moving average crossed below the 50-period line, reinforcing a short-term bearish trend. Meanwhile, the 200-period moving average remains above current price levels, suggesting a longer-term bullish bias could reemerge if buyers regain control near support. The MACD crossed into negative territory after a brief bullish divergence, and the RSI remained below 60 for most of the session, confirming a neutral-to-bearish momentum profile.

Bollinger Bands saw a dramatic expansion from $0.852–0.870 to $0.843–0.947, with price currently consolidating near the lower band at $0.865–0.869. This suggests potential for a mean reversion or breakout. Notional turnover spiked during the $0.843–0.865 consolidation phase, aligning with price action and indicating increased participation at lower levels. A move above $0.885 could retest the 50-period MA as a trigger for a short-term rebound.

The pair may consolidate near $0.865–0.869 for the next 24 hours, with a risk of further downside if buyers fail to hold the $0.858–0.862 support zone. Conversely, a break above $0.885 could see a test of the 50-period MA as a potential reversal trigger.

Backtest Hypothesis

The backtest strategy described aims to identify Bullish Engulfing patterns forming around the key $0.869 support level on the 15-minute chart. These candlestick patterns indicate a shift in sentiment from bearish to bullish, particularly when occurring at significant support zones. If confirmed, a long signal is triggered, with a 24-hour holding period for the trade.

Using the 20 and 50-period moving averages for short-term bias, and the RSI to confirm momentum, the strategy could look for additional confirmation in the form of a bullish crossover or RSI above 40. Bollinger Bands can also be used to identify volatility contractions preceding breakout attempts, aligning with the entry point.

This strategy, when applied to a validated price series from 2022-01-01 to the present, would help determine the frequency and profitability of such setups. Performance metrics such as win rate, average return, and maximum drawdown would then be calculated to assess the viability of the pattern in a trading strategy context.