cryptonewsland.com
- $RUNE broke resistance at $4.96, targeting $7.30, signaling strong upward momentum.
- $XRP gained interest from institutional investors, driving prices to around $0.55.
- FTM surged past $0.558 EMA, with indicators suggesting potential further gains.
As Bitcoin rallies past $68K, traders are looking at altcoins that could follow suit. Three standout options right now are $RUNE, $XRP, and FTM, each featuring impressive technicals and strong fundamentals.
From breaking resistance levels to attracting large-scale investors, these altcoins are well-positioned for significant growth. Let’s further explore why they’re worth your consideration.
Thorchain ($RUNE)
Source: Trading View
Thorchain ($RUNE) has broken through a long-standing descending trendline. Recently, $RUNE started forming a pattern of higher highs and lows, signaling upward momentum. The token recently broke the key resistance at $4.96.
By breaking this resistance level, $RUNE will likely rally to the next key resistance at $7.30. Additionally, the $RUNE/BTC pair sits at a critical junction. A long-term trendline meets horizontal support, and if $RUNE stays above, the Stochastic RSI looks set to give the needed boost.
Ripple ($XRP)
Source: Trading View
Ripple ($XRP) has seen renewed interest from institutional investors, with prices rising to around $0.55 as of writing. This increase pushed Ripple’s market cap to over $30 billion. The 24-hour trading volume is impressive, estimated at $1.4 billion.
Analysts believe Ripple’s success story is far from over. With such strong interest, Ripple remains a solid pick for investors looking for substantial gains both in the short-term and long-term.
Fantom (FTM)
Source: Trading View
Fantom’s price surged past the 200-day EMA at $0.558, gaining over 24% in four days. Afterward, FTM faced resistance near $0.746, a crucial level drawn from the March high and August low. Currently, Fantom approaches this level again.
A breakout could lead to a 15% rally, aiming for the June high of $0.855. The MACD hints at a possible bullish crossover, and the RSI sits above neutral. Both indicators suggest further gains.
$RUNE, $XRP, and FTM are showing strong potential for significant price growth as Bitcoin pushes higher. With solid setups and positive signals, these altcoins could offer impressive returns once Bitcoin takes off.