RUNE/USDT on the 2D timeframe remains in a clear medium- to long-term bearish structure. Price continues to trade below a well-respected descending trendline, indicating sustained selling pressure. Currently, price is testing a major historical demand zone, which could become a critical reaction area.
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Pattern & Structure Explanation
Primary Pattern:
Descending Trendline (Bearish Continuation Structure)
The market consistently forms lower highs and lower lows, confirming bearish dominance.
Secondary Structure:
Base Formation / Early Accumulation Attempt
Around the lower price region (0.54–0.67), selling momentum appears to be weakening, supported by long lower wicks that suggest buyer interest at discounted levels.
Market Character:
As long as price remains below the main descending trendline, the overall bias stays bearish. Any bullish move without a confirmed breakout should be considered corrective.
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Key Levels (Based on Chart)
Resistance Zones:
0.717 – Minor resistance & breakdown retest area
0.836 – Previous support turned resistance
0.965 – Mid-range resistance
1.237 – Key supply zone
1.725 – Major resistance
2.176 – Macro resistance
Support Zones:
0.672 – Minor support
0.540 – Major demand zone & cycle low
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Bullish Scenario
A bullish scenario is only valid with clear structural confirmation, not merely a technical bounce.
Bullish Confirmation:
Strong break and close above the descending trendline
Supported by increased volume and impulsive bullish candles
Upside Targets:
0.836
0.965
1.237
1.725 (if bullish momentum sustains)
Until a breakout occurs, any upward movement should be treated as a relief rally within a broader downtrend.
---
Bearish Scenario
If buyers fail to defend the lower demand zone:
Bearish Confirmation:
Strong breakdown below 0.540
Daily/2D close below demand with weak or no bullish rejection
Downside Risk:
Continuation of the bearish trend
Potential move into a price discovery phase with new lower lows
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Conclusion
RUNE/USDT remains bearish by structure, but price is currently sitting at a critical decision zone. This area will likely determine the next major move:
Trendline breakout → potential trend reversal
Demand breakdown → bearish continuation
Patience and confirmation are essential, especially when analyzing higher timeframes such as 2D.
#RUNEUSDT #THORChain #CryptoAnalysis #TechnicalAnalysis #Downtrend #DescendingTrendline #SupportResistance #BearishMarket #PotentialReversal
---
Pattern & Structure Explanation
Primary Pattern:
Descending Trendline (Bearish Continuation Structure)
The market consistently forms lower highs and lower lows, confirming bearish dominance.
Secondary Structure:
Base Formation / Early Accumulation Attempt
Around the lower price region (0.54–0.67), selling momentum appears to be weakening, supported by long lower wicks that suggest buyer interest at discounted levels.
Market Character:
As long as price remains below the main descending trendline, the overall bias stays bearish. Any bullish move without a confirmed breakout should be considered corrective.
---
Key Levels (Based on Chart)
Resistance Zones:
0.717 – Minor resistance & breakdown retest area
0.836 – Previous support turned resistance
0.965 – Mid-range resistance
1.237 – Key supply zone
1.725 – Major resistance
2.176 – Macro resistance
Support Zones:
0.672 – Minor support
0.540 – Major demand zone & cycle low
---
Bullish Scenario
A bullish scenario is only valid with clear structural confirmation, not merely a technical bounce.
Bullish Confirmation:
Strong break and close above the descending trendline
Supported by increased volume and impulsive bullish candles
Upside Targets:
0.836
0.965
1.237
1.725 (if bullish momentum sustains)
Until a breakout occurs, any upward movement should be treated as a relief rally within a broader downtrend.
---
Bearish Scenario
If buyers fail to defend the lower demand zone:
Bearish Confirmation:
Strong breakdown below 0.540
Daily/2D close below demand with weak or no bullish rejection
Downside Risk:
Continuation of the bearish trend
Potential move into a price discovery phase with new lower lows
---
Conclusion
RUNE/USDT remains bearish by structure, but price is currently sitting at a critical decision zone. This area will likely determine the next major move:
Trendline breakout → potential trend reversal
Demand breakdown → bearish continuation
Patience and confirmation are essential, especially when analyzing higher timeframes such as 2D.
#RUNEUSDT #THORChain #CryptoAnalysis #TechnicalAnalysis #Downtrend #DescendingTrendline #SupportResistance #BearishMarket #PotentialReversal
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.