Market Overview for Rune/Tether (RUNEUSDT) on 2025-09-19

• Rune/Tether (RUNEUSDT) declined from 1.368 to 1.287, marking a bearish reversal on the 24-hour 15-min chart.
• RSI and MACD showed bearish momentum with RSI approaching oversold levels.
• Volatility expanded during the late ET hours, with high turnover near the 1.30–1.31 range.
• A potential short-term support was identified around 1.286–1.291, with a resistance near 1.312–1.315.
• The Bollinger Bands signaled a recent widening trend, reflecting increased market uncertainty.

Opening at 1.358 on 2025-09-18 at 12:00 ET and closing at 1.292 on 2025-09-19 at 12:00 ET, Rune/Tether (RUNEUSDT) recorded a 24-hour high of 1.368 and a low of 1.286. Total volume traded was 2,127,695.4 units, while notional turnover reached $2.76 million. Price action reflected a bearish consolidation toward the end of the 24-hour window.

Structure & Formations

Price formed a broad bearish structure over the 24-hour period, with a notable bearish engulfing pattern emerging near the 1.306–1.307 range during the early ET hours. A long lower shadow near 1.312–1.315 suggested short-term rejection, while a doji-like pattern at 1.305 signaled indecision. The 1.286–1.291 area became a critical support, with price testing this zone multiple times. The 1.312–1.315 and 1.326–1.33 levels acted as key resistances.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) crossed below the 50-period line, forming a death cross. The 50-period line showed resistance near 1.305–1.307. On the daily chart, the 50DMA crossed below the 200DMA, reinforcing a bearish bias. The 100DMA acted as a minor resistance, capping rebounds around 1.312–1.315.

MACD & RSI

The MACD line remained below the signal line, with bearish divergence developing in the last 4–6 hours. RSI dipped to 30, signaling oversold conditions, but failed to trigger a strong rebound, suggesting the bearish momentum may continue. A RSI level near 30–32 could act as a temporary floor before a potential retracement.

Bollinger Bands

Bollinger Bands widened significantly during the late ET hours, indicating increased volatility. Price spent a large portion of the 24-hour window below the midline, with several candles closing near the lower band (1.286–1.291), signaling a high probability of further bearish consolidation.

Volume & Turnover

Volume and turnover surged in the 1.290–1.305 range, confirming the bearish breakdown. A divergence was observed in the final 2–3 hours, where volume dipped despite a price rebound, suggesting weakening buying pressure. This divergence may point to a potential continuation of the downward trend.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing (high of 1.368 to low of 1.286), key retracement levels include 1.336 (23.6%), 1.322 (38.2%), and 1.311 (61.8%). Price is currently near the 61.8% level, which may act as a critical area for potential reversal or continuation.

Backtest Hypothesis

Given the observed bearish momentum, RSI divergence, and support at 1.286–1.291, a potential short-term trading strategy could focus on a bearish breakout confirmation from the 1.286–1.291 support zone, with a target at 1.275–1.280 and a stop-loss above 1.305. This strategy would align with a 1.5–2% risk-to-reward profile. Incorporating a trailing stop near the 1.292–1.300 level could allow for partial profit capture during a possible retracement. This setup could be tested over multiple sessions to assess consistency in a bearish bias.