Since February 2021, the RUNE cryptocurrency has been moving in 500% consolidation. During this time, the RUNE price rose three times by 400%-500% and fell three times to the lower limit of consolidation. At the time of writing, the RUNE price is near the bottom line of consolidation. Of course, it is logical to assume that it is worth preparing for a new wave of growth of RUNE by 400%-500%, especially because the reversal of the RUNE cryptocurrency is always unpredictable and sharp. https://www.tradingview.com/x/e6ckwiE4/ However, we would like to emphasize some details that may land a little on the ground. From 17 May 2021, buyers can not update local highs, even with false breakdowns. According to local highs, you can draw a sloping trend line. But sellers manage to update local low. This speaks to the initiative of sellers, although not great at the moment. We forecast the first rebound of the RUNE price to $6.2. This mark is the local resistance of sellers and the middle of global consolidation. If the cryptocurrency market globally plans to fall further, it is from the $6.2 mark that a new fall wave may begin, which will destroy the consolidation structure. Technical Analysis Of RUNE On The Daily Timeframe https://www.tradingview.com/x/hID2a6hY/ Analyzing the movement of the RUNE price on the daily timeframe, we see that trading volumes near the lower limit of consolidation are high. Buyers retained the liquidity zone, a...
