Rune can retrace back by 20%

Rune price dropped massively during the recent crypto crash amid inflation, Ukrain-Russia War & CPI report. Rune regained momentum after printing a LL of 1.43. After that point till tomorrow price has increased by 68%. There was a clear cup & handle formation spotted on the chart and major targets are already been met. After the breakout of C&H formation, price has rallied all the way up by 26%.

The price is expected to fall between 1.75-1.65 region as correction. A lot of liquidity is sitting on this region. Keep a close eye on Bitcoin for clear direction. If price pumps above 2.47 then the set-up will be invalidated & we will expect an upward trend.