RUNE has been showing huge volume and huge strength lately. On the weekly timeframe we can see an RSI "breakout" of a descending trendline, as well as strong candles in the price action. Upside resistance might show up at $14~ or so which is the downtrend line, then the measured move could take us to around $75. I dont expect to break out of this setup in the first go, some pullbacks are expected.On a fundamental level, RUNE is solving some of the issues with swapping assets cross-chain which is a huge paint point in crypto currently. Their tokenomics is designed so that as the network grows in TvL (total value locked), upwards price pressure is put on the token.
Not financial advice, do your own research.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.