Technical analysis by alfra about Symbol RUNE: Buy recommendation (4/9/2025)

RUNE is currently in a prolonged downtrend, respecting the descending resistance lines since its peak. Price is now approaching a critical horizontal support zone:🔴 Key Support: $0.75🟠 Minor Support Zone: $1.00 – $1.10🟢 Major Resistance Levels:$2.50 (First trendline test)$4.00 (Second trendline)$6.00+The price action is compressing near the lower boundary of the descending channel, while RSI is drifting toward oversold levels (RSI ~37.85). Historically, RUNE has seen relief rallies from this region.⚠️ Scenarios to Watch:Bullish:Price holds above $0.75 and RSI enters oversold territory.Break and close above $1.10 could trigger a relief rally toward $2.50.Confirmation would come with increasing volume and break of descending trendline.Bearish:Breakdown below $0.75 support could open doors for further downside.Possible targets below $0.75: psychological levels at $0.50 or lower, especially if volume increases on the breakdown.📈 RSI Indicator:RSI nearing oversold, currently ~37.85.No confirmed bullish divergence yet, but worth watching closely for potential reversal signals.🧩 Strategy Notes:Conservative traders: Wait for reclaim of trendline and a close above $1.10–1.20 for safer entry.Aggressive traders: Look for bullish RSI divergence or price action confirmation around $0.75 for a potential bounce play.Risk management is crucial — set tight stop losses below critical levels.🎯 Summary:RUNE is at a make-or-break zone. $0.75 is a crucial historical support. A bounce from here could send the price towards the first resistance at $2.50, while a breakdown may lead to further bearish momentum. Watch RSI and volume for clues!