Top Altcoins to Buy This Week: Thorchain (RUNE), Fantom (FTM), and Stacks (STX)

Amidst the market taking a bullish turn after a bearish weekend, the altcoins are cautiously moving forward. With many blasting off to new heights

After a bearish weekend, the market took a bullish turn, and the altcoins are advancing cautiously. While many altcoins are blasting off to new heights, some are gradually approaching their next target levels.

For traders seeking high-momentum altcoins, here's a list of top-performing altcoins to buy that are preparing to surge higher this week.

Top Altcoins To Buy: Thorchain (RUNE)

The RUNE price trend shows a bull cycle preparing to start, despite a falling wedge pattern in the daily chart. The reversal rally from the support trendline surpasses the overhead 20D EMA at the $3.68 mark.

Tradingview

With the bullish divergence in the daily RSI supporting the chances of an uptrend, RUNE is preparing for a breakout rally. At the moment, the altcoin trades at $3.68 and has seen a 20% gain over the last two days.

A bullish breakout of the falling wedge will likely see the altcoin hitting the $5 mark before topping $10.

Fantom (FTX)

The Fantom price trend reveals a falling channel pattern under the influence of the 20D EMA, akin to a bearish wedge. However, the recent bearish crossover of the 100D and 200D EMA warns of a bullish failure.

TradingView

Starting from the support trendline, the FTM price has clocked a 15.14% gain this week in the recent bull cycle. As the trading volumes are on the rise, the breakout chances are significant for the altcoin.

A breakout run in the altcoin could scale to the 200D EMA at $0.552 before reaching the $1 mark.

Stacks (STX)

With a healthier bullish cycle at play, the STX price reveals a stronger demand. The Stacks token price surpasses the $1.54 mark and challenges the 20D EMA.

TradingView

Within a falling channel at play, the STX price has increased by 25.69% in the last 9 days. As the broader market bounces back, the altcoin shows increased breakout chances with the rising demands.

A breakout run in the STX price will pump to the $1.8720 horizontal level before pumping the altcoin price to $2.5144.

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