Attention on $RUNE , possible reversal of downtrend to uptrend.
RSI (14):
Around 39, starting to point upwards → signal of an attempt to reverse from oversold conditions.
MACD:
Lines (DIF and DEA) are very close and starting to cross upwards → potential short-term reversal signal.
Volume:
Dropped significantly, typical of the final phase of a downtrend. We need confirmation with buying volume to validate the breakout of the wedge.
Practical Conclusion:
- It seems like a classic descending wedge, yes.
It hasn't broken yet, but it is preparing.
- Confirmation only comes with volume and closing above the EMA20 (~0.84–0.85).
- If it breaks, the relief could be strong, as the asset is very oversold.
- Entry between 0.7 or 0.88
Stop loss 0.65 or 0.55
Short to medium-term TP: 1.2 - 1.4 - 2.0 - 2.6 $
Long-term TP: 3 - 4 $
Possible Opportunity.
Keep an eye on it.
Ride this wave.