Rune/Tether Market Overview (RUNEUSDT) – 2025-09-23

• Rune/Tether (RUNEUSDT) closed 24 hours near 1.197, up from 1.173, with strong volume and upward bias.
• A bullish breakout above 1.195 confirmed midday, supported by rising RSI and MACD.
• Volatility expanded in the morning, with a 1.166–1.195 range and strong closing candles.
• Volume surged in the final 4 hours, especially after 08:00 ET, confirming trend strength.
• Dips into 1.180–1.182 zones found buying support, suggesting key short-term support levels.

Rune/Tether (RUNEUSDT) opened at 1.173 on 2025-09-22 at 12:00 ET and closed at 1.197 at 12:00 ET on 2025-09-23. The pair reached a high of 1.203 and a low of 1.166, with total volume of 1,429,040.6 and total turnover of 1,716,194.69. Price showed a strong upward bias in the last 24 hours.

Structure & Formations

The 24-hour period displayed a clear bullish bias, with key support levels emerging at 1.180 and 1.173. These levels held on multiple test attempts, especially during the early morning hours when price dipped below 1.185. Notable patterns included a bullish engulfing pattern at 08:15 ET, confirming a shift in momentum. A doji at 03:15 ET signaled indecision during a pullback. Resistance levels at 1.195 and 1.201 were tested and broken, with the latter showing signs of consolidation at close.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above key support levels during the rally from 1.180 to 1.195. The daily chart showed the 50-period moving average crossing above the 200-period line, signaling a potential trend shift to the upside. The MACD line crossed above the signal line around 07:45 ET and remained positive through the close. RSI reached overbought territory (above 70) near the 1.201 high, suggesting a potential pullback but not a reversal.

Volatility and Bollinger Bands

Volatility expanded significantly during the morning session, with the 20-period Bollinger Bands widening between 1.166 and 1.185. Price spent most of the session trading above the midline of the bands, especially after 08:00 ET, when it moved into the upper band. A consolidation phase followed the 1.201 high, with price hovering near the upper Bollinger Band by the end of the period, indicating a potential continuation of the bullish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the morning low at 1.166 and the high at 1.201, the 38.2% (1.187) and 61.8% (1.194) levels acted as strong support and resistance zones. Price bounced off the 1.187 level before breaking through 1.194, indicating strong buying pressure. The 1.201 high marked a 100% extension of the 1.166–1.194 leg, suggesting further upside potential if the trend continues.

Backtest Hypothesis

Given the current structure and confirmed support at 1.180–1.182 and resistance at 1.194–1.196, a potential backtesting strategy could focus on a breakout-follow-through model. A buy signal could be triggered when price closes above 1.195 with volume exceeding 70,000, while a stop-loss could be placed at 1.180. A target of 1.205 aligns with Fibonacci extensions and the upper Bollinger Band. This approach could be validated using historical 15-minute data to assess win rates and risk-reward ratios for similar setups.