Well, after the price of RUNE did a full roundtrip giving back the gains from the big move we saw in March the coin leveled out and has found some footing.
The price tested that $5 area and formed a bottom there so far and is now testing a prior level that has been in play many times before.
To the chart pic!
Looking at the daily chart of RUNE I see that price is testing the 6.25 area resistance. This level has acted as resistance on several occasions over the past year.
Ironically, it provided no potential support when price was selling off in April.
We can see price bounced off the level once already just a couple days ago and is now pressing up against it with today's green candle.
If we can see some follow through the next upside targets are 7.10 and then then the 7.70 area.
Seems like just yesterday the price of RUNE was in double digits.
Posted Using InLeo Alpha