Will RUNE/USDT hit $21 Mean 40x From Here in Next BullRun?Analyzing the Bull Run Potential of RUNE/USDT: A Promising Investment Opportunity
The Previous Bull Run:
The last bull market for RUNE/USDT showcased an extraordinary performance for holders. Starting from September 21, 2020, with a price of around $0.322, the pair skyrocketed to $21.28 by May 17, 2021. This impressive rally resulted in a staggering 6626% increase within just 238 days, demonstrating the tremendous potential of the asset.
The Subsequent Bear Market:
Following the all-time high of $21.28, a bear market ensued. Over a span of 756 days, the price of RUNE/USDT plummeted by approximately 96%, reaching a low of $0.777 on June 12, 2023. This significant decline from the ATH presents an attractive opportunity for accumulation, with the expectation of future upward movement.
Accumulation Strategy:
Considering the current price level of $1.028, it is an opportune time to start accumulating. While a potential further 30-50% downward move is possible, attempting to predict the market with 100% accuracy is challenging. Therefore, gradual accumulation is recommended.
Entry Zones:
To capitalize on the anticipated price movement, two entry zones are proposed:
First Lot Entry: $1-$0.90
Second Lot Entry: $0.6-$0.5
Timing and Targets:
The expected price decline may occur towards the end of 2023, making the late 2023 and early 2024 period ideal for entering the market. With historical evidence of significant bull runs, the targets for the next uptrend are projected to be impressive.
TP1: $5/$10/$15/$20
This suggests a potential 40x increase from the bottom if Lot 2 entry zone is reached.
Key Levels:
Bullish Breakout Level: $1.40
Breaking this resistance level could trigger a skyrocketing price movement for RUNE/USDT.
Support Levels: $0.8/$0.5
Resistance Levels: $1.40/$3.50/$11
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Conduct thorough research and consult with a financial professional before investing in any cryptocurrency.
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