Market Overview for Rune/Tether (RUNEUSDT): 24-Hour Summary as of 2025-09-14

• Rune/Tether (RUNEUSDT) closed 0.30% higher in 24 hours, forming a bullish recovery from a short-term dip.
• Volatility increased midday with a high of 1.346 and a low of 1.306, suggesting increased speculative activity.
• On-balance volume spiked during the 18:45–21:15 ET window, aligning with price consolidation near 1.325.
• RSI and MACD showed moderate bullish momentum, with RSI remaining below overbought levels.
• Bollinger Bands widened after 17:30 ET, indicating a shift from consolidation to breakout mode.

Rune/Tether (RUNEUSDT) opened at 1.322 on 2025-09-13 at 12:00 ET and closed at 1.338 on 2025-09-14 at 12:00 ET, with a high of 1.346 and a low of 1.306. Total traded volume reached 1.53 million RUNE, while notional turnover was approximately $2.06 million. The price action reflects a recovery trend amid heightened volatility.

Structure & Formations

Price action over the 24-hour period revealed several key levels of interest. A strong support zone formed around 1.316–1.318 as the price bounced off this range multiple times between 17:00–19:30 ET. On the upper side, resistance emerged at 1.325 and 1.331, with the latter showing moderate rejection. Notable candlestick patterns included a bullish engulfing pattern at 17:30–17:45 ET and a doji around 03:15–03:30 ET, which suggested indecision during the overnight trading session.

Moving Averages

Using 20-period and 50-period moving averages on the 15-minute chart, the price largely traded above both throughout the day, with the 20-period line showing a sharper incline than the 50-period line—indicating a strengthening short-term bias. On the daily chart, the price remained above the 50 and 200-period lines, with the 100-period line acting as a dynamic support near 1.324, suggesting an ongoing medium-term bullish tilt.

MACD & RSI

The MACD crossed into positive territory after 20:00 ET, with a growing histogram reflecting increasing bullish momentum, particularly during the 04:00–06:00 ET session. RSI climbed to 58 by 10:15 ET and remained in the upper half of its range, avoiding overbought territory above 65. This suggests buyers are in control but not yet overextended. The RSI also formed a bullish divergence with price during the 05:45–07:00 ET window, hinting at a potential continuation of the rally.

Bollinger Bands

Bollinger Bands were in a moderate expansion phase for most of the day, particularly between 17:30 ET and 10:00 ET, as volatility increased. The price traded near or slightly above the upper band during the 22:00–23:00 ET window, and briefly touched it again at 09:45 ET. These moves suggest a period of strong directional bias. In contrast, the 03:30–04:00 ET window saw a narrow band contraction, signaling a potential buildup of energy before the next move.

Volume & Turnover

Trading volume showed distinct spikes around 22:15 ET (335,114.7 RUNE) and 04:00 ET (372,471.1 RUNE), both coinciding with key price consolidations near 1.325 and 1.33. Notional turnover rose in line with volume, showing no divergence. The highest turnover occurred in the 22:15–22:30 ET window, as the price moved from 1.326 to 1.331. The volume profile suggests strong participation from larger players in the 21:00–23:30 ET window, which supports the bullish case.

Fibonacci Retracements

Applying Fibonacci levels to the swing low at 1.306 and swing high at 1.346, key retracement levels of 61.8% (~1.326) and 38.2% (~1.336) were tested multiple times. The price found support at the 61.8% level before bouncing upward, confirming its significance. The 1.336 level acted as a dynamic resistance, with price forming a consolidation pattern near it during the 05:00–06:30 ET period. This reinforces the idea that the 1.336–1.346 range could be the next target for buyers.

Backtest Hypothesis

A potential backtesting strategy could involve using the 20-period and 50-period moving averages in combination with RSI for entry and exit signals. For instance, a long signal could be generated when price crosses above the 20-period MA, with confirmation from an RSI level above 50 and a bullish divergence. Exits could be triggered when price closes below the 50-period MA or RSI shows signs of overbought conditions (above 70). The recent bullish engulfing pattern and MACD crossover provide an empirical validation of this approach in real-time data. The use of Bollinger Bands as volatility filters could further enhance the strategy’s accuracy by limiting trades during low-volatility periods, which appear to offer lower-probability setups for Rune/Tether.