Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower

Thorchain (RUNE) rallied to its highest level since January, arsenic cryptocurrency markets started the week chiefly successful the red. Avalanche (AVAX) was 1 of these cryptocurrencies trading little connected Monday, and fantom (FTM) fell by adjacent to 10% connected the time arsenic well.

Thorchain (RUNE)

While cryptocurrency markets person been chiefly little implicit the past week, thorchain (RUNE) has climbed by astir 70% successful that aforesaid period.

Following a debased of $6.15 connected Sunday, RUNE/USD roseate past its absorption of $6.60 to commencement the week, climbing to its highest level since January 12 successful the process.

On Monday, RUNE deed an intraday precocious of $7.43, pushing the cryptocurrency to #47, successful the market’s apical 100.

RUNE/USD – Daily Chart

This determination came arsenic the 14-day Relative Strength Index besides roseate past its ain ceiling of 67, which happened for the archetypal clip since past November.

Should this existent ascending momentum continue, we volition beryllium looking astatine the imaginable of RUNE hitting the upcoming ceiling of $9.05, perchance connected its mode to $10.

Fantom (FTM)

Avalanche (AVAX) was down by astir 6% to commencement the week, arsenic it proceed to hover beneath the crypto apical 10, sitting astatine the #11 spot.

However, it was fantom (FTM) that was today’s astir notable bearish mover, falling by adjacent to 10% arsenic a effect of today’s action.

As of penning this, FTM is down 8.35 % today, arsenic prices fell to their lowest constituent since September, pursuing 5 consecutive days of weakness.

FTM/USD – Daily Chart

FTM/USD fell to an intraday debased of $1.08 earlier connected Monday, pursuing a highest of implicit $1.20 little than 24-hours ago.

This comes arsenic terms spot is wholly oversold, with the 14-day RSI is tracking astatine 30.9, which is the lowest it has resided astatine since December 13.

Following this bearish pressure, is simply a rebound inevitable? Let america cognize your thoughts successful the comments.

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