$RUNE 🚀 RUNE Under the Microscope: Network Upgrade and Testing Support Levels! 🔥
The RUNE coin is leading the scene today with Binance's announcement of support for the THORChain network upgrade scheduled for tomorrow, January 22, 2026, resulting in increased price volatility and momentum around the coin.
🔍 Technical Analysis and Current Data:
Current Price: The price is currently trading at approximately 0.60 USDT, recording a slight decline of 3.01% over the last 24 hours.
Network Upgrade: Binance officially announced support for the network upgrade at block number 24,635,898, with a temporary suspension of deposits and withdrawals to ensure the best user experience.
RSI Indicator: Currently at levels leaning towards negative (below 50), indicating short-term selling pressure while awaiting price stabilization after the upgrade.
Moving Averages: The price is currently trading above the 200-day moving average (0.559), maintaining a long-term positive outlook despite current fluctuations.
🎯 Vital Monitoring Levels:
Main Support: The area of $0.58 to $0.56 represents a solid protective wall for the coin; a rebound from here could be a strong opportunity.
Upcoming Resistance: Breaking the $0.65 level and holding above it is essential to regain upward momentum and target areas of $0.70.
Conclusion: RUNE is going through a "technical preparation" phase alongside the technical upgrade. Maintaining stability above current support levels is crucial to preserving the upward trajectory. 👀🌐
#RUNE #THORChain #BinanceSquare #CryptoUpdate #NetworkUpgrade 🚀💹