Summary
• Rune/Tether (RUNEUSDT) posted a 24-hour closing decline near key support after a midday rally.
• Volatility expanded significantly with a high of 0.649 and low of 0.616 as Bollinger Bands widened.
• A sharp bearish divergence appeared in RSI (14) at 5-min, signaling potential exhaustion in the downside.
• Volume spiked during the late-day selloff, confirming a potential short-term bottoming process.
• A bearish engulfing pattern formed on 5-min around 12:00 ET, suggesting a near-term pause in bullish momentum.
Rune/Tether (RUNEUSDT) opened at 0.641 on 12/14 at 12:00 ET, hitting a high of 0.649 and a low of 0.616 before closing at 0.615 on 12/15 at 12:00 ET. Total volume reached 11.6 million, with a turnover of $7.1 million over the 24-hour window.
Structure and Key Levels
The 24-hour period saw RUNEUSDT form a distinct bearish trend, with the price breaking below the 0.630 level — a previous intraday support zone. A 5-minute bearish engulfing pattern appeared near 12:00 ET as price fell from 0.641 to 0.633, signaling a likely near-term pause in bullish momentum. On daily charts, the 50-period MA sits at 0.638, while the 200-period MA is at 0.642, suggesting the pair may test the 0.629–0.632 area for support before resuming its longer-term trajectory.
Trend Confirmation and Momentum
MACD (12,26,9) on the 5-minute chart turned bearish after crossing below the signal line, reinforcing downward momentum.
RSI (14) displayed a bearish divergence near the 30–35 oversold range, indicating potential short-covering or a rebound could emerge. However, the sharp drop to 0.616 suggests exhaustion may be nearing a limit. Bollinger Bands widened significantly during the selloff, reflecting heightened volatility and uncertainty in market positioning.
Volume and Turnover Insights
Volume spiked during the late-day selloff, particularly between 15:00 and 16:00 ET, with the 15:30 candle alone accounting for 335,954.7 units traded at 0.628. Notional turnover reached $193,000 during that period, confirming the bearish sentiment. However, volume during the 0.616 low was relatively lower, hinting at potential exhaustion or order book thinning at the bottom.
Fibonacci and Retracement Levels
A 5-minute retracement analysis from the 0.641 high to the 0.616 low shows the price finding temporary support at the 38.2% level around 0.633 and the 61.8% level around 0.629. These levels could serve as potential pivots for short-term traders if buying interest returns.
The price appears to have found a short-term bottom near 0.616, and a rebound toward 0.625–0.630 is plausible in the coming 24 hours. However, the move below the 0.630 level increases the risk of a deeper test of 0.610 if the current bearish momentum continues. Investors should closely monitor RSI and volume divergence to assess the strength of any near-term bounce.
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