The price of rune broke out above recent highs over the last few sessions.
Back in December price had rallied to a high of 7.35 before backing off and consolidating for a few months.
Price dropped as low as the four dollar area before grinding slightly higher and then mooning over the last few days.
Next level up....
Looking at the daily chart above you can see the price action off to the left, back in 2022 when price was up in the 9, 10, 11, 12 dollar range. Looking at that price action I'm eyeing the 9.50 to 9.75 area as the next upside target.
Obviously that 12.75 top would be great to see, but that is still a bit away. Either way, good to see this recent breakout. Holding above 7.40 will confirm this move, which is looking good at the moment.
Posted Using InLeo Alpha