) has reached the overhead resistance at $2 for the third time within the past few days. The repeated retest of a resistance level tends to weaken it.If bulls do not give up much ground from the current level, it will improve the prospects of a rally above $2. If that happens, the RUNE/USDT pair could first rise to $2.28 and subsequently to $2.78.
If bulls push and maintain the price above $2, it will signal the start of a new uptrend. The pair could then surge toward $2.35. On the contrary, if the price turns down and breaks below the 20-EMA, it will indicate the start of a deeper correction to the 50-SMA.Injective has been swinging inside a large range between $5.40 and $10 for the past several days. The price action inside a range can be random and volatile but when the boundaries are far apart, trading opportunities may arise.
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