Although cryptocurrency markets have been mostly lower in the last week, thorchain has increased by nearly 70% during that time.
After a Sunday low of $6.15, RUNE/USD climbed to $6.60 to begin the week. This is its highest level since January 12.
Monday's intraday high for RUNE was $7.43. This pushed the cryptocurrency to #47 in the market's top 100.
This was just as the Relative Strength Index soared above its ceiling of 67 for the 14-day period. It had not done so since November last year.
If this upward momentum continues, RUNE could reach the $9.05 ceiling, possibly on its way up to $10.
Avalanche (AVAX), which was almost 6% lower to begin the week, remained below the crypto top 10 and still resides at the #11 spot.
Today's bearish mover was however fantom (FTM), which fell by almost 10% due to today's action.
FTM is currently down 8.35% as of this writing, after prices plunged to their lowest point since September following five days of weakness.
FTM/USD dropped to $1.08 on Monday after a peak of more than $1.20 24 hours ago.
This is because price strength is totally oversold. The 14-day RSI is currently at 30.9. It is the lowest level it has been at since December 13.