Top Gainers Today: RUNE, TIA, FTM – Buy Now?

Crypto Market Recap: Bitcoin Reclaims $61K, Altcoins Show Mixed Trends

The cryptocurrency market today shows signs of slight recovery, with the total market cap reaching $2.14 trillion. Bitcoin has reclaimed the $61,000 mark, but Ethereum (ETH) continues to struggle. Meanwhile, XRP is gaining strength, and Solana (SOL) is preparing for a potential surge in the short term.

Among the top gainers in this cycle are Thorchain (RUNE), Celestia (TIA), and Fantom (FTM). Let’s analyze whether their rallies are set to continue or if they may settle down.

Thorchain (RUNE)

Thorchain (RUNE) has had a disappointing overall performance, remaining in a downward trend since reaching a yearly high of $10.5 in March. The asset has continued to lose major support zones, but today, RUNE is at the top of the gainers’ list, trading at $3.68 with a 24-hour growth of 12.76%.

• The recent price surge is attributed to the Kujira partnership news.
• Despite the recent growth, RUNE needs a strong higher high-low movement to regain momentum.

The RUNE/USDT chart reveals a falling wedge pattern, with upper resistance. A breakout from this pattern could trigger an upward rally. Traders should closely watch this movement. The RSI for the mid-term is near the neutral line, indicating a slight correction, while the MACD is attempting to cross the signal line, suggesting the trend may persist for a while.

Currently, RUNE is trading below major long-term moving averages, with ultimate support at $3.06. Traders are advised to wait for the asset to break above the $3.8 resistance level to establish a stronger base for future gains.

Celestia (TIA)

After a month-long decline, Celestia (TIA) has shown signs of recovery, with the correction wave ending last week at the $4.5 support level. The recent surge is attributed to increased accumulation and fundamental updates.

• TIA is currently trading at $6.15, with a 24-hour growth of 8.29% and weekly growth of 24.54%.
• The TIA/USDT daily chart shows a breakout from a falling wedge pattern, while the 4-hour chart reveals the formation of an upward channel pattern, which typically leads to sideways movement.

The RSI for TIA is at 61, in the neutral zone, indicating room for further accumulation. Meanwhile, the MACD shows a bullish cross above the signal line. TIA has support at $5.14 and resistance at $7.5. A breakout in either direction could lead to significant price movement.

Fantom (FTM)

Fantom (FTM) has had a modest yearly performance, with a growth of 54%, trailing behind other altcoins like Solana and Toncoin, which have seen gains above 100%. Over the last three months, FTM has lost major support zones, creating lower lows and highs.

• FTM is currently trading at $0.3073, with a 24-hour surge of 7.75% and a weekly surge of 16.78%.
• However, the trading volume has increased slowly, at a rate of 3.75%.

Recent fundamentals indicate a cooling of large transactions, such as whale activity, which may result in price rises driven by retail accumulation. The FTM/USDT chart shows price movement in a downward channel with downward resistance. A breakout from this channel could trigger a strong upward movement.

The alligator indicator suggests that price movement has picked up, and increased activity is expected for FTM. In the short term, FTM has support at $0.337 and $0.3209. To rally, FTM must flip the resistance at $0.39, which appears possible in the near future.