RUNE Technical Analysis: Downtrend Continues Amid Accumulation Signals

The RUNE cryptocurrency has been trending downwards over the past week, with a notable 4.69% loss in its value. This downtrend is reflected in various technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

Despite showing accumulation phase signals, RUNE's failure to break the $0.3885 resistance level reinforces the bearish setup. The critical support level of $0.35 is approaching, and a breakdown below this level could trigger a cascade effect.

The weekly chart view shows that price remaining below the EMA20 confirms the bearish trend structure. Additionally, the 1W timeframe indicates confluence with strong levels at $0.35 and $0.44. This multi-timeframe confluence makes $0.35 a pivot point for RUNE.

Key decision points include the main support at $0.3500 and the resistance at $0.3885. A break above or below these levels could trigger significant price movements, with potential upside targets of $0.4785 or downside objectives of $0.2581. The trend remains intact as long as RUNE stays above $0.35, but a breakdown below this level is expected to accelerate the bearish momentum.