The Price Action on Rune Has Lost Steam
hive-167922·@scaredycatguide·
0.000 HBDThe Price Action on Rune Has Lost Steam
The price action on RUNE has been fun to watch in the past couple months, but for the first time since it began we have seen the bull run out of steam a bit. ### Lower High in Play... https://steemitimages.com/0x0/link Looking at the daily chart we can see price ran into the 6.25 area resistance and after testing it a few times failed and pulled back into the high 4s before we got some buying again. That buying did not follow through however and we have a clear lower high. So now I'm keeping my eye on the downside of that prior low around 4.90. If price takes that out then we have lost the short-term bullish price action and will be wary of price potentially testing 4 or even the 3.50 area. Best case would be for price to remain above 4.90 and make another run at the 6.25 level. Bitcoin is looking like it wants to breakout, so hopefully that will lead the charge higher for RUNE and other alts Posted Using [InLeo Alpha](https://inleo.io/@scaredycatguide/the-price-action-on-rune-has-lost-steam)
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