Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week

ETC roseate by implicit 10% to commencement the trading week, arsenic prices roseate to a two-week precocious connected Monday. FTM besides saw its worth summation during today’s session, climbing by astir 20% earlier successful the day.

Ethereum Classic (ETC)

ETC was 1 of the astir notable gainers during Monday’s session, arsenic cryptos were mostly successful the greenish to commencement the week.

Following a debased of $20.56 connected Sunday, ETC/USD surged to an intraday highest of $23.65 earlier successful the day.

Prices person present risen for 3 consecutive sessions arsenic ETC continues to determination distant from its caller enactment level astatine $19.50.

ETC/USD – Daily Chart

Since moving distant from this floor, prices are present hovering somewhat beneath absorption of $24.10, with the RSI besides astatine a ceiling.

Looking astatine the chart, the Relative Strength Index is presently tracking astatine a absorption constituent of 45.70, which hasn’t been breached since aboriginal April.

ETC has spent the bulk of the twelvemonth trading supra $25, and should it caput backmost towards that point, the RSI ceiling indispensable springiness way.

Fantom (FTM)

Whilst ETC was 1 of the astir notable movers connected Monday, FTM was undoubtedly the biggest, arsenic prices roseate by astir 20%.

FTM/USD rallied to an intraday highest of $0.5183 earlier successful the day, which is the astir it has traded astatine since May 10.

This astir two-week precocious comes pursuing a rally astatine the terms level of $0.3100 5 days ago, arsenic FTM was heavy successful consolidation.

FTM/USD – Daily Chart

Since then, prices are present person to absorption of $0.6000, which is an country prices haven’t deed successful the past 2 weeks.

Similar to ETC, we whitethorn not spot this ceiling deed unless terms spot increases, nevertheless the RSI is besides hovering beneath a ceiling of its own.

Traders volition present hold to spot if this week volition beryllium antithetic to last, with either bulls oregon bears taking complaint of marketplace direction.

Do you expect consolidation to proceed this week? Let america cognize your thoughts successful the comments.

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