Market Overview for Rune/Tether on 2025-12-11

Summary
• Rune/Tether tested key support near $0.659–0.660, forming a bullish engulfing pattern.
• Momentum slowed with RSI approaching oversold, suggesting potential for a rebound.
• Volatility expanded mid-session with heavy volume on the descent to $0.656.
• Bollinger Band contraction in late hours indicated waning volatility and potential consolidation.
• 20-period MA crossed below price, signaling a short-term bearish trend.

Rune/Tether (RUNEUSDT) opened at $0.693 on 2025-12-10 at 12:00 ET, reaching a high of $0.72 and a low of $0.654 before closing at $0.66 at 12:00 ET on 2025-12-11. Total volume traded was 4,059,966.2, with a notional turnover of $2,616,646.8.

Structure in the 5-minute chart showed a bearish breakdown from $0.705 to $0.656, with a key support level forming around $0.659–0.660. A bullish engulfing pattern developed as price closed above this support, indicating potential for a reversal. The 20-period moving average crossed below price, reinforcing short-term bearish pressure, while the 50-period MA provided a dynamic resistance around $0.67.

MACD showed a bearish crossover and negative divergence, with RSI hovering near oversold territory, suggesting a potential rebound. Bollinger Bands widened during the selloff but began to contract in the late hours, pointing to lower volatility and a possible consolidation phase.

Volume spiked during the breakdown to $0.656, with a notional turnover surge of $194,199.3 in that session. However, volume dropped in the final hours, suggesting reduced conviction in the downward move. A bullish divergence between price and volume could signal a possible short-term reversal.

Fibonacci retracement levels highlighted resistance at $0.67 (38.2%) and $0.68 (61.8%) during the 5-minute swing, while the daily chart showed key Fibonacci levels at $0.68 (61.8%) and $0.70 (78.6%). Price may attempt to retest these levels in the near term.

Looking ahead, Rune/Tether could see a bounce from oversold RSI levels and the bullish engulfing pattern, but buyers must hold above $0.66 to confirm a reversal. The market remains at risk of renewed selling if key support breaks or if volume declines continue without follow-through.