Market Overview: Rune/Tether (RUNEUSDT) - Strong Breakout Amid Elevated Momentum

Summary
• Price surged from 0.612 to 0.676 amid strong volume expansion and bullish momentum.
• A bullish engulfing pattern formed near 0.616 after a consolidation phase.
• RSI moved into overbought territory, suggesting potential near-term reversal risks.
• Bollinger Bands widened, signaling heightened volatility in the final hours of the period.
• Turnover spiked above average during the 15–16:00 ET window, confirming upward price action.

Rune/Tether (RUNEUSDT) opened at 0.612 on January 13, 2026, and closed at 0.672 by 12:00 ET January 14, reaching a high of 0.679 and a low of 0.611. The 24-hour volume totaled approximately 4.66 million, with notional turnover of $3.09 million.

Structure & Formations

The pair showed a clear bullish breakout from a descending channel on the 5-minute chart, with a key support level around 0.616 holding before the upward thrust. A large bullish engulfing pattern emerged at this level, followed by a strong follow-through. A doji at 0.635 suggested momentary indecision before the final rally. Resistance levels appear to be forming at 0.67–0.675, where volume shows signs of slowing.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages were both in bullish alignment, with price running above both for much of the period. Daily averages (50/100/200) also trended upward, confirming the overall bullish bias.

Momentum & Volatility

MACD showed strong bullish divergence, with a histogram expanding during the late 14:00–16:00 ET window. RSI climbed into overbought territory above 70, indicating a possible near-term pullback. Bollinger Bands widened significantly during the breakout phase, suggesting increased volatility and stronger conviction in the move.

Volume & Turnover

Volume surged to over 363,000 in the 16:15–16:30 ET session, aligning with a 0.676 close. Notional turnover reached a peak of $245,619.56 during the same window, indicating strong participation and confirmation of the rally. A divergence between price and turnover occurred briefly at 0.635, but this was resolved as volume surged again at higher levels.

Fibonacci Retracements

Fibonacci levels on the 5-minute chart indicated a strong 61.8% retest at 0.635 before the final breakout. On the daily chart, the 0.65–0.673 range sits at the 38.2–50% retracement levels of a larger swing, suggesting key resistance ahead.

RUNEUSDT appears to have built strong momentum with increasing conviction, but overbought conditions and divergences suggest a possible consolidation phase ahead. Investors may see a test of the 0.67–0.675 range in the next 24 hours, though risks include a pullback if key levels fail to hold.