Here is the weekly chart of Rune token: RUNE/USDT
RUNE has been facing a strong downtrend for last few weeks (much more weakness than other crypto), and it looks like the lows are not in place yet for a sustainable reversal. We are not sure if the recent lows are a good support. It appears that the correction in RUNE is due to some project-specific news. Crypto investors and traders should avoid RUNE till it closes above $2.00 on the weekly chart, because it has a bearish pattern on weekly charts.
Disclaimer: This post is based on our technical analysis and it’s not financial advice. Thanks.