
Why a bullish RUNE doesnt tell us the whole story
-RUNEs price has been on a downward trend over the past few weeks, but is now showing signs of a potential recovery.
-The recent retest of the $3 support level suggests that the bulls are still in control.
-A short-term rally is likely to retest support near the $5.42 and $6.90 price levels.
-RUNEs on-chain metrics align with the bullish price action, indicating that the sell-off is tapering out.
-However, the markets are still volatile and more downside cannot be ruled out.

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