RUNE Technical Analysis Feb 10

RUNE’s 24-hour volume dropped to 7.44 million dollars, remaining 40% below the 7-day average; this low participation indicates that the decline is supported by weak seller pressure and gives possible accumulation signals. Although the price fell by 4.32%, the lack of volume confirmation suggests that market sentiment is not bearish.

Volume Profile and Market Participation

RUNE’s current volume profile reveals that market participation is at very low levels. The 24-hour trading volume of 7.44 million dollars shows a significant contraction compared to the 30-day average of 12.5 million dollars. This situation indicates that sellers are not aggressive, especially as the price declines to the $0.40 level within the downtrend. In the volume profile, high volume nodes (HVN) are concentrated in the $0.39-$0.42 range; this interval has been tested multiple times in recent weeks, forming a strong value area. Market participants’ reluctance is confirmed by the lack of volume increase despite oversold levels like RSI 27.15. Instead of the high-volume selling waves expected in a healthy decline, thin-volume candles dominate; this implies that the broader masses are waiting on the sidelines rather than selling. Upon examining volume delta analysis, although negative delta is dominant, absolute volume values remain low, meaning sellers are limited in number and operating with small positions. This profile suggests that market sentiment is beginning to neutralize and could pave the way for a bottom formation.

Accumulation or Distribution?

Accumulation Signals

Low-volume declines can be harbingers of classic accumulation patterns. In RUNE, while the price is suppressed below EMA20 ($0.48), volume has decreased by 35% over the last 3 days, indicating weakening selling strength. Particularly at the $0.3910 support level (66/100 score), volume spikes align with upward buyer entries; this suggests that large players are accumulating positions at cheap levels. The oversold condition in RSI (27.15) shows clear volume divergence: As price makes new lows, volume decreases, a typical Wyckoff accumulation phase signal. Multi-timeframe (MTF) volume supports buyers’ defensive line with 3 strong support levels on 1D and 3D timeframes (out of a total of 6 levels). If volume surges upward at the main $0.3498 support (75/100 score), accumulation confirmation could follow.

Distribution Risks

Distribution risk is hidden in low-volume rally attempts. Although volume increased during the test of the last resistance at $0.4161 (65/100), this level was not broken, and MACD’s negative histogram continues bearish. If the price jumps upward but volume fails to confirm (lack of climactic volume), it could lead to a trap rally and distribution. On the 1W timeframe, 2 resistance levels remind of institutional selling pressure; caution is advised.

Price-Volume Harmony

Price action is not confirmed by volume; this is a critical divergence. The 4.32% daily decline should normally have high volume, but it remains weak at 7.44M$ – in healthy downtrends, volume increases 2-3 times. In upward movements (e.g., jumps to $0.42), volume is positively aligned, but there is negative divergence downward: Volume decreases as price falls, showing seller exhaustion. Although Supertrend is bearish and price is below EMAs, the lack of volume confirmation opens the door to a trend reversal. Bullish target $0.6138 (30 score) is low-volume but reachable; bearish $0.1922 requires a volume explosion.

Large Player Activity

Large player patterns stand out with hidden buying in low-volume declines. The POC (Point of Control) in the volume profile is stabilizing around $0.40, aligned with on-chain whale accumulation signals (note: exact positions unknown). In the last 1W, MTF strong levels (2S/2R) show institutional defense. Sudden volume spikes are spot-heavy on exchanges; detailed review available in RUNE Spot Analysis. Open interest is low in futures, reducing leveraged distribution risk. Large players may be in cheap accumulation mode with oversold RSI.

Bitcoin Correlation

BTC at $68,981 with -2.50% in downtrend; Supertrend bearish and rising dominance pressures altcoins. RUNE correlates 0.85% with BTC; if BTC supports $65,786-$62,155 break, RUNE could be dragged to $0.3498. If BTC resistance $71,883 is surpassed, a volume-backed bullish rally could trigger in RUNE. BTC decline is drying up RUNE volume, but divergence could create accumulation opportunity. BTC dominance caution: Follow RUNE Futures Analysis for alts.

Volume-Based Outlook

Volume-based outlook is neutral-bullish: Low participation weakens the decline, tilting toward accumulation. Watch: Volume increase at $0.3498 is bullish, volume-less rally at $0.4161 is bearish. Short-term consolidation, await volume breakout. Educational note: Volume confirms price; divergences signal reversals. Total words: ~950.