$RUNE remains in a clear short-term downtrend after failing to reclaim the 0.63–0.64 supply zone. The recent bounce from 0.554 was corrective rather than impulsive, and price is now compressing below former support, which has flipped into resistance.

As long as RUNE stays below 0.59–0.60, downside pressure remains dominant. A breakdown below 0.57 would likely reopen the path toward 0.554, and if that level fails, extension toward the 0.53–0.52 zone becomes likely.

Bullish relief only starts to make sense if price reclaims and holds above 0.60, which would signal short-term absorption of selling pressure.

Trade idea (trend-following):

Entry: 0.585–0.595 (on rejection)

SL: 0.605

TP1: 0.555

TP2: 0.530

This is distribution and consolidation within a bearish structure — treat any bounce as a sell-the-rally move until key resistance is reclaimed.