Does RUNE still have any upside left?

However, Funding is up a lot, indicating Longs are paying Shorts that premium to be Long. 

Like SOL, this is another coin that looks overheated from the Funding perspective.

And when you look at price action, we've just been getting lower highs. 

Technical analysis

• Price bounced perfectly off the green box area for now.
• If price falls further, $5.30 is the local support, and  $5.80 is the local horizontal resistance that we have identified – price already been rejected from there today.
• If price can get above $5.80, then $6.53 is on the cards. However, today's rejection doesn't look too promising. Let's see how it closes.
• The RSI has reset on all major timeframes, which is definitely a fresh positive.

Cryptonary's take

If you're in RUNE from a low entry price we'd recommend continue holding your position for the bull run. If you're not in RUNE, then the yellow box can be your opportunity to get in - assuming we are right and we get back down there.