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RE: LeoThread 2025-05-13 09:17

in LeoFinance5 months ago

Part 4/7:

For a more substantial breakout, Rune must first stabilize above the $1.42 mark on a weekly basis. A daily close over $1.60 will be pivotal, potentially triggering a swift rally upward. The technical indicators—namely the RSI and Stochastic RSI—paint a generally positive picture as well, showing upward trends, although caution is advised as some time frames approach overbought conditions.

Technical Analysis Insights

A deeper dive into the technical details unveils a cautiously bullish sentiment. The MACD analysis reveals that Rune has transitioned out of its red phase, with indicators poised to turn green, suggesting potential upward mobility. With MACD levels currently at -88.919, there is substantial room for growth.

Volume and Market Dynamics