Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week
Categories: Crypto News US
Ethereum Classic (ETC) ETC was one of the most notable gainers during Monday’s session, as cryptos were mostly in the green to start 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 three consecutive sessions as ETC continues to move away from its recent support level at $19.50.ETC has spent the majority of the year trading above $25, and should it head back towards that point, the RSI ceiling must give way. Fantom (FTM) Whilst ETC was one of the most notable movers on Monday, FTM was undoubtedly the biggest, as prices rose by nearly 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 almost two-week high comes following a rally at the price floor of $0.3100 five days ago, as FTM was deep in consolidation.Since then, prices are now closer to resistance of $0.6000, which is an area prices haven’t hit in the past two weeks.Similar to ETC, we may not see this ceiling hit unless price strength increases, however the RSI is also hovering below a ceiling of its own.Traders will now wait to see if this week will be different to last, with either bulls or bears taking charge of market direction.