RUNE is starting to struggle with lower lows and lower highs

Open Interest has pulled back significantly; however, it also probably shows a decline in interest for RUNE over the prior weeks. 

OI may need a further reset before the general market becomes more interested in RUNE again.

Technical analysis

• A breakout of the local downtrend line has helped RUNE move higher.
• The local horizontal level of $5.30 has acted as a resistance for price.
• Currently, we're seeing lower lows and lower highs.
• If price cannot reclaim bullish momentum and get north of $5.30, we'll likely see RUNE eventually move down to the main yellow box we've been targeting.

Cryptonary's take 

Unless the market as a whole can turn more meaningfully bullish, We’d expect to see RUNE's price in the yellow box in the coming weeks. 

If your entries are good (very low), you shouldn't fear too much volatility and look to add any major pullbacks. 

Let's see how it plays out.