Market Overview for Rune/Tether (RUNEUSDT) - 2025-11-13

Summary
• Rune/Tether opened at $0.772 and closed at $0.772, with a 24-hour high of $0.801 and low of $0.763.
• Momentum in RSI suggests moderate bullish bias but lacks overbought conditions, suggesting room for consolidation or rally.
• Bollinger Bands show moderate volatility with the price currently near the midline, indicating uncertain direction.

Rune/Tether (RUNEUSDT) opened at $0.772 on November 12, 2025, at 12:00 ET, and closed at $0.772 by 12:00 ET the next day. The 24-hour candle reached a high of $0.801 and a low of $0.763, indicating a range-bound session. The total volume was 1,791,720.0, and the total turnover amounted to $1,385,747.90.

Key support levels appear to form around $0.763–$0.772, with resistance clustering between $0.790 and $0.801. Notable candlestick formations include a Bullish Engulfing pattern on the rise to $0.801 and a Bearish Engulfing pattern near $0.792, suggesting mixed momentum between buyers and sellers. A Doji formed near $0.773, signaling potential indecision in the market.

The 20-period and 50-period moving averages on the 15-minute chart were closely aligned, indicating a sideways trend. On the daily chart, the 50- and 200-period moving averages remained above the current price, suggesting a bearish bias in the broader timeframe. The MACD showed a modest bullish divergence in the morning session, but it flattened by the close, suggesting waning momentum. The RSI hovered around 50, indicating neutral momentum without clear overbought or oversold conditions.

Bollinger Bands displayed moderate volatility, with the price oscillating near the midline for much of the session. This suggests a lack of a clear directional bias and increased uncertainty. The volume and turnover were highest during the early hours of the 24-hour window, especially during the rally toward $0.801, where volume spiked to over 119,000. No clear divergence was observed between price and turnover, suggesting price movements were largely supported by volume.

Fibonacci retracements indicated key levels at 38.2% ($0.781) and 61.8% ($0.770) from the recent high to low. The price has tested the 61.8% level multiple times, suggesting a potential short-term support or consolidation zone.

Backtest Hypothesis

The backtest strategy targets short-term breakout opportunities by identifying support levels as the 20-day rolling low and entering on a Bullish Engulfing pattern. This aligns with the observed technical structure, particularly around the $0.772–$0.763 level. The strategy assumes a 5-day holding period and relies on price strength at support for potential upside. While the strategy’s assumptions are logical given the recent price behavior, the low volatility and lack of clear trend may limit consistent performance. Further refinements could include incorporating RSI and Bollinger Band contractions to filter for higher-probability setups.