RUNE Technical Analysis Mar 28
The post RUNE Technical Analysis Mar 28 appeared on BitcoinEthereumNews.com.
[ENGLISH: RUNE is maintaining its downtrend with a clear LH/LL structure visible. The risk of upward movement will remain low until the $0.3888 swing low level is broken.] Market Structure Overview RUNE’s current market structure reflects a clear downtrend. The price is consolidating at the $0.39 level, following the lower highs (LH) and lower lows (LL) pattern formed in recent weeks. In this structure, each new high is lower than the previous highs (LH), and each new low is lower than the previous lows (LL). Multi-timeframe (MTF) analysis has identified a total of 6 strong levels across the 1D, 3D, and 1W charts: 3 supports/1 resistance on 1D, 1 support/1 resistance on 3D, and 1 support/2 resistances on 1W. Supertrend is giving a bearish signal, and the price is unable to hold above EMA20 ($0.42), reinforcing the short-term bearish structure. RSI at 39 is approaching oversold, while MACD shows low momentum with a negative histogram. Overall, an upward trend reversal should not be expected without a breakdown of the structural integrity. Trend Analysis: Uptrend or Downtrend? Uptrend Signals Higher highs (HH) and higher lows (HL) pattern has not been observed in RUNE recently. Rejection occurred from the latest swing high at $0.3950, and the price remained below this level. For potential HH formation, conditions of a close above $0.3950 + new HL holding above $0.3888 must be met. However, with only 1 strong resistance in the MTF structure, the bullish continuation target of $0.5190 (score:26) appears distant. A move above EMA20 and RSI above 50 are important preconditions, which are absent in the current structure. If these signals appear, they can be evaluated as a warning before change of character (CHoCH). Downtrend Risk The downtrend is confirmed with LH/LL: Latest swing high $0.3950 (LH), latest swing low $0.3888 (LL). This…
Filed under: News - @ March 28, 2026 12:19 am