Market Overview: Rune/Tether USDt (RUNEUSDT) – 24-Hour Movement and Momentum Analysis

• Rune/Tether USDt (RUNEUSDT) formed a bullish reversal pattern after a short-term pullback, with a 24-hour high of 1.272 and low of 1.229.
• Momentum picked up in the final 6 hours, closing at 1.266 after a 15-minute consolidation phase near key Fibonacci levels.
• Notable volume spikes occurred around the 1.26–1.27 resistance cluster, suggesting potential accumulation.
• RSI showed overbought conditions during the late-day rally, while MACD confirmed the upward shift in momentum.
• Bollinger Bands expanded after the mid-day breakout, indicating increased volatility and a higher likelihood of continued directional movement.

Rune/Tether USDt (RUNEUSDT) opened at 1.234 on 2025-09-09 at 12:00 ET and closed at 1.266 on 2025-09-10 at 12:00 ET, reaching a high of 1.272 and a low of 1.229 over the 24-hour period. The pair recorded a total volume of 1.94 million units and a notional turnover of $2.47 million, reflecting increased activity and interest.

Structure & Formations

RUNEUSDT displayed a series of key formations over the 24-hour period. A notable bullish engulfing pattern formed around 16:00–17:00 ET, followed by a doji near 1.241, signaling indecision. The price then moved steadily upwards, forming a higher high and higher low structure, particularly from 07:30–13:30 ET. The most significant breakout occurred near 1.26, where the price formed a trendline break and a bullish flag pattern, confirming a continuation of the upward move.

The support zone around 1.240–1.245 held multiple times and appears to be a psychological pivot. Resistance levels emerged at 1.26–1.27, with the price showing consolidation after reaching 1.272, suggesting a potential short-term ceiling. The Fibonacci 61.8% level at 1.264 was a key target on the 15-minute chart, which was surpassed and closed near the 78.6% extension at 1.269, indicating strong bullish momentum.

Moving Averages

Using the 20- and 50-period moving averages on the 15-minute chart, the price crossed above both around 06:30–07:00 ET, confirming a bullish crossover and reinforcing the upward trend. The 50-period MA at 1.255 and the 20-period MA at 1.259 both acted as dynamic support during the late afternoon and early evening hours.

On the daily chart, the 50-period MA is at 1.258, the 100-period at 1.253, and the 200-period at 1.249, with the current price of 1.266 sitting well above all three, suggesting a strong alignment with the longer-term trend.

MACD & RSI

The MACD line turned positive and remained above the signal line from 07:00 ET onward, confirming a positive momentum shift. The histogram showed increasing bullish divergence as the price rose, particularly during the 08:00–12:00 ET window. The RSI moved into overbought territory above 70 around 11:00–12:00 ET, indicating potential for a short-term correction, though the price continued to rise. A bearish divergence in the RSI appeared after 13:00 ET, suggesting a potential slowdown.

Bollinger Bands

Bollinger Bands showed a contraction phase between 15:00–18:00 ET, followed by a sharp expansion as the price broke out to the upper band at 1.272. The current price is near the upper band, indicating a high volatility environment. The middle band (20-period SMA) at 1.263 supports the current upward trend, and the price remains within a bullish channel.

Volume & Turnover

Volume increased significantly during the breakout phase, particularly between 07:30–10:00 ET, with a peak at 361,746.9 units on the 15-minute chart at 08:00 ET. The notional turnover also increased in line with the price rise, showing a positive volume-price correlation. However, a bearish divergence emerged after 14:00 ET, where the price continued to rise while volume flattened, indicating potential exhaustion.

Fibonacci Retracements

Applying Fibonacci retracements to the 1.229–1.272 swing, the price found support at 61.8% (1.254) and then moved to the 78.6% (1.269) level, which is currently being tested. On the daily chart, the 50% retracement level at 1.255 has acted as a dynamic support and resistance point.

Backtest Hypothesis

Given the strong upward momentum and confirmation by both MACD and volume, a potential backtesting strategy could involve entering long positions on the 15-minute chart when the price breaks above the 20-period moving average and the MACD line turns positive. A stop-loss could be placed below the 1.250 support zone, with a target near the 1.275–1.280 range. This approach would capitalize on the bullish continuation pattern while managing risk through defined entry and exit levels.