RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local
BTCUSD growth
Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation – all this can be regarded as a complex signal for a breakout of resistance. On the background of bitcoin’s local strengthening, which occurs after breaking out of resistance, this could date a chance for RUNE and in such a case, the price when breaking through the indicated line could head towards 3.04 and give us almost 60% net move.
The moving averages formed a strong signal a few days ago, which could be confirmed soon when the price breaks the upper boundary of the range
Support levels: 1.722, 1.433
Resistance levels: upper boundary of the wedge, 1.942, 2.015.
I expect that on the background of the next retest of the trend resistance the price may break it and start an active phase of strengthening towards 3.040
Regards R. Linda!