FTM, ETC Lead Crypto Gainers to Start the Week – Market Updates Bitcoin News
ETC rose by over 10% to begin the buying and selling week, as costs rose to a two-week excessive on Monday. FTM additionally noticed its worth improve throughout as we speak’s session, climbing by practically 20% earlier in the day.
Ethereum Classic (ETC)
ETC was certainly one of the most notable gainers throughout Monday’s session, as cryptos have been principally in the inexperienced to begin the week.
Following a low of $20.56 on Sunday, ETC/USD surged to an intraday peak of $23.65 earlier in the day.
Prices have now risen for 3 consecutive classes as ETC continues to transfer away from its latest help stage at $19.50.
Since shifting away from this flooring, costs are actually hovering barely under resistance of $24.10, with the RSI additionally at a ceiling.
Looking at the chart, the Relative Strength Index is presently monitoring at a resistance level of 45.70, which hasn’t been damaged since early April.
ETC has spent the majority of the year buying and selling above $25, and will it head again in direction of that time, the RSI ceiling should give means.
Whilst ETC was certainly one of the most notable movers on Monday, FTM was undoubtedly the largest, as costs rose by practically 20%.
FTM/USD rallied to an intraday peak of $0.5183 earlier in the day, which is the most it has traded at since May 10.
This nearly two-week excessive comes following a rally at the worth flooring of $0.3100 5 days in the past, as FTM was deep in consolidation.
Since then, costs are actually nearer to resistance of $0.6000, which is an space costs haven’t hit in the previous two weeks.
Similar to ETC, we might not see this ceiling hit except worth power will increase, nevertheless the RSI can be hovering under a ceiling of its personal.
Traders will now wait to see if this week might be completely different to final, with both bulls or bears taking cost of market path.
Do you anticipate consolidation to proceed this week? Let us know your ideas in the feedback.
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