FTM and ETC are the top crypto gainers to start the week
ETC rose more than 10% to start the week, with prices hitting a two-week high on Monday. The value of FTM grew throughout the day, after rising by roughly 20% earlier in the day. ETC was one of the most visible gainers during Monday’s session when cryptos were mostly in the green to start the week. After touching a low of $20.56 on Sunday, ETC/USD climbed to an intraday high of $23.65 earlier in the day.
As ETC continues to move away from its previous support level of $19.50, prices have now climbed for three straight sessions. While ETC was one of the most prominent movers on Monday, FTM was by far the most significant, with prices rising about 20%. FTM/USD had risen to an intraday high of $0.5183 earlier in the day, the highest level since May 10. This almost two-week high follows a five-day recovery from the price floor of $0.3100 when FTM was in severe consolidation.
While ETC was one of the most prominent movers on Monday, FTM was by far the most significant, with prices rising about 20%. FTM/USD had risen to an intraday high of $0.5183 earlier in the day, the highest level since May 10. This almost two-week high follows a five-day recovery from the price floor of $0.3100 when FTM was in severe consolidation. Prices have since moved closer to resistance at $0.6000, which they haven’t reached in the last two weeks.
We may not see this limit reached unless price strength improves, similar to ETC, but the RSI is lingering below its own ceiling. Traders are now waiting to see if this week will be different from the previous one, with bulls or bears controlling the market direction.
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