- 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.
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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.
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