Market Overview: Rune/Tether (RUNEUSDT) - 24-Hour Analysis

Summary
• Price tested key resistance near $0.651, with mixed candlestick signals.
• Volatility expanded after 02:00 ET, with volume rising above average.
• RSI suggests moderate momentum, but no overbought/oversold extremes observed.
• Bollinger Bands show price near the lower band, hinting at potential bounce.
• A bullish engulfing pattern emerged near 00:00 ET, suggesting short-term reversal potential.

Market Overview

Rune/Tether (RUNEUSDT) opened at $0.65 on 2025-12-13 at 12:00 ET, reached a high of $0.655, and closed at $0.642 as of 2025-12-14 at 12:00 ET, with a low of $0.638. Total volume was 643,438.0 and notional turnover amounted to $404,775.6.

Structure & Formations

Price formed a key bullish engulfing pattern near $0.65 at midnight ET, suggesting a potential short-term reversal. A doji emerged near $0.649, hinting at indecision. Resistance appears to be forming at $0.651, where multiple candles struggled to close above, while support seems to be consolidating around $0.64–0.642, based on a cluster of rejection and consolidation patterns.

Moving Averages

On the 5-minute chart, price briefly crossed above the 20-period and 50-period moving averages around 01:00 ET, indicating a potential short-term uptrend. However, by 05:00 ET, it pulled back below the 50SMA, suggesting continued bearish pressure. Longer-term daily moving averages (50, 100, 200) are not included in this 5-minute dataset.

MACD & RSI

MACD showed a divergence in the morning, with price falling while the MACD line remained relatively flat. RSI moved into neutral territory (40–60) after a brief pullback near the 30-level, suggesting moderate buying pressure but no strong overbought or oversold signals.

Bollinger Bands

Price traded near the lower Bollinger Band for much of the session, particularly between 06:00 and 10:00 ET, indicating potential for a mean reversion. Volatility expanded after 02:00 ET, with the bands widening, suggesting increasing market uncertainty and potential for a breakout or breakdown.

Volume & Turnover

Volume spiked above average during the 02:30–04:00 ET window, coinciding with price rejection at $0.655. Notional turnover also increased during this time, reinforcing the move. However, after 06:00 ET, volume declined, suggesting waning momentum in the downward move.

Fibonacci Retracements

On the 5-minute chart, price briefly tested the 38.2% retracement level at $0.649 before pulling back. The 61.8% level at $0.645 appears to have acted as a key support during the morning sell-off. For the broader daily chart (not included in this dataset), the 50% and 61.8% levels would be important to watch for future direction.

Looking ahead, price may attempt a test of the $0.651 resistance level in the coming 24 hours. If this fails, a retest of the $0.64–0.642 range is likely. Traders should remain cautious as volume has not confirmed a strong directional move, and volatility remains elevated.