Here's what RUNE needs to go higher

• RUNE has now broken its main uptrend line, with price bottoming and bouncing at the more major support of $5.30.
• The local support of $5.80 will need to hold in the short term if RUNE wants to move higher and potentially recover above the horizontal resistance of $6.53.
• The RSI has reset on all major timeframes and is now out of overbought territory everywhere except the Weekly timeframe. It's much better and shows we've got the resetting that was necessary.

Cryptonary's take

RUNE is a project we like for the long run, so we will look to continue accumulating.

We have now seen a more meaningful pullback, but we would look to DCA into RUNE at the green box, between $4.74 and $5.00.