The Price of RUNE still holding the 10 Day MA despite all the volatility

in LeoFinance26 days ago

It is starting to feel like every third post from me is about the RUNE price chart, but the coin keeps giving me something to talk about!

Holding the line....


After such an aggressive run up some consolidation is to be expected, if not a pullback even.

Thus far it has been the former which is bullish. After making a new all time high a week ago the price of RUNE has bounced between 16.60 and 14 with a few intraday spike lower.

Those spikes into the 11s and 12s are a beautiful thing as price rallied to close above the 14 level each time. Basically, the bears tried to dump price and the bulls stepped in a pushed price back to a key level.

The 14 level is what I will be keeping my eye on over the next week. As long as we see closing prices maintain that level then there is no reason for me to not continue holding.

Additionally, you can see the 10 day moving average (blue line) has finally caught up to price and at the same time price has managed to maintain the upside of it, another bullish trait.

Price will at some point close below this average, it always does at some point, but the fact its gone nearly a month trending above it is impressive.

We shall see what the coming weeks brings, at the moment it looks like we are getting a consolidation for another push higher. Let's hope that is the case.

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remember when it is below 6$
I hope I hodl it and not sell it for only small profits
now it is 2x

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Heck, I remember when it was $3 when I first started trading it. HODL would have worked better lol.

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I am really bummed that I missed out on RUNE when it was lower. I had seen some talk about it, but I really didn't have the spare funds laying around to put into it. Now that I kind of do, I feel like it is too late and I am just going to invest in some other stuff.

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These indicators and the behavior of the market give me confidence that the price will not go below $10, so we will only see more upside from now on.

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