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$RUNE USDT (THORChain) — 4H Analysis
🔷 Pattern: Key Level Reclaim — Range Expansion Underway
RUNE has made a major structural move after reclaiming the $0.55 region following a strong recovery rally from the $0.38 lows.
After spending months trading below this level, price has now broken back above it and flipped the zone into support — an important bullish development for the broader structure.
The chart currently shows a clean roadmap between newly reclaimed support and the next major resistance wall overhead.
📍 Key Levels:
🟢 Flipped Support Zone: $0.540 – $0.560
🔴 Next Resistance Zone: $0.690 – $0.720
🚀 Breakout Target: $0.800 – $0.900
❌ Invalidation: 4H close below $0.530
📉 RSI (14): 57.11
📊 Signal: 59.45
⚠️ RSI has recently crossed slightly below its signal line following the sharp rally — a typical momentum cooldown after a strong expansion move.
The indicator previously pushed close to overbought territory near 80 and is now resetting while remaining above the key 50 level.
👉 RSI cooling above 50 + reclaimed support = bullish continuation structure
As long as the flipped support zone continues holding, the broader bullish structure remains intact with potential continuation toward the $0.69–$0.72 resistance region and possibly higher.
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