Summary
• Price action shows a strong bullish reversal after hitting a 24-hour low of $0.580.
• High volume confirmed the break above key resistance at $0.600, suggesting momentum.
• RSI suggests moderate bullish momentum with no immediate overbought conditions.
Rune/Tether (RUNEUSDT) opened at $0.599 on 2026-01-12 12:00 ET, reached a high of $0.620, a low of $0.580, and closed at $0.616 on 2026-01-13 12:00 ET. The total volume was 4,326,435.6, and turnover amounted to $2,513,134.84 over the 24-hour period.
Structure & Formations
Price tested key support levels at $0.580 and $0.585 before bouncing decisively, forming a bullish reversal pattern. A strong bullish engulfing pattern emerged around 2026-01-13 15:45 ET as price rebounded from the 5-minute Bollinger Band low. Resistance at $0.600 was decisively taken out, with a follow-through rally into $0.610–$0.620.
Moving Averages and Momentum
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in a bullish crossover early on 2026-01-13. The 50-period MA currently sits at approximately $0.600, offering potential support if price pulls back. MACD turned positive mid-day and remained bullish.
RSI climbed into the mid-50s by the end of the period, suggesting no immediate overbought conditions.
Volatility and Bollinger Bands
Volatility expanded as price pushed through key levels, with Bollinger Bands widening in the final hours of the 24-hour window. Price spent most of the period between the upper and lower bands, but a breakout above the upper band occurred at $0.610–$0.620, signaling increased conviction in the upward move.
Volume and Turnover
Volume surged during the breakout above $0.600 and $0.610, particularly from 15:45 to 17:00 ET, with the largest 5-minute turnover occurring at the closing candle. Turnover and volume aligned with price action, offering confirmation rather than divergence.
Fibonacci Retracements
Applying Fib to the recent $0.580–$0.620 swing, key levels to watch in the next 24 hours include 61.8% at $0.609 and 78.6% at $0.617. A pullback may find initial support at the 50% level ($0.600) or the 38.2% level ($0.598).
Looking ahead, Rune/Tether appears to have captured a strong short-term bullish bias, with price holding above key support and showing strong volume confirmation on the breakout. However, a pullback into $0.600–$0.598 could test buyers’ resolve. Investors should be mindful of potential overbought conditions forming if the rally into $0.625–$0.630 is attempted.
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