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Bitcoin has dropped 0.48% in the past 24 hours to trade at $58,486.84. Compared to last week, it is 3.59% down. However other cryptos saw a price hike as SATS, FTM, and <a href="https://www.thecoinrepublic.com/price-prediction/thorchain/">RUNE</a> prices witnessed spike. 
The second most popular token, Ethereum, has dropped 0.88% from yesterday and is trading at $2,616.48. From the previous week, it is down 1%. 
Bitcoin and Ethereum have a market capitalization of $1,154.026 billion and $314.608 billion, respectively. Combiningly, both of the top assets had market dominance in the crypto-verse of 71.1% in total, making most altcoins tend to its sentiment and price trend. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="139" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-1024x139.png" alt="Top Gainers | Source: CoinMarketCap" class="wp-image-667051" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-1024x139.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-300x41.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-768x104.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-1536x208.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-150x20.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-696x94.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173-1068x145.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-173.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Top Gainers | Source: CoinMarketCap
 </figcaption>
</figure> 
Despite the weekly dips in top assets, few assets stand out with weekly price activity in green. Let’s have a look at them: 
<h2 class="wp-block-heading" id="h-what-would-sats-price-s-next-move-be">What Would SATS Price’s Next Move Be?</h2> 
The ace in the list had 18.47% growth this week, where the price traded at $0.0002904. 
Earlier, the trend had been a downtrend. In the SATS price, entire trading activity had occurred in a channel, where the past 42 days of price activity had led to the falling wedge’s breakout. The breakout was confirmed when the price pierced the upper border after July 15th, 2024. 
A recent breakout pullback has been completed, and it was expected before that the price might make a Change of Character (CHoCH) by moving past the 200-day EMA. This could have taken SATS’s price to the moon, but instead, the price fell nearly 20% in a mere 3 days, and an intraday dip of 6% has been registered.&nbsp; 
Since the price is already above the support of $0.0000002467, the price could still bounce back, but breaking it would change the sentiment.  
<a href="https://in.tradingview.com/chart/SATSUSDT/gBI3ojdW-What-Does-SATS-Price-Next-Move-Would-Be/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
The SATS price indicators indicated that the bullish optimism has decreased, as the histogram showed decreased interest. Meanwhile, the RSI was at 50.74 and has pierced 14-SMA towards oversold, signifying current developed pessimism against the optimistic breakout in the market. 
At press time, the hurdle is $0.0000004478 and $0.0000005867, respectively. However, the resistance could push the price toward the near support at $0.0000002467 and $0.0000001166, respectively. 
<h2 class="wp-block-heading" id="h-what-does-rune-price-signify">What Does RUNE Price Signify?</h2> 
By the first quarter of 2024, RUNE had surged over 1200%, climbing from a crucial support level of $0.833 to $11.474 from the end of the last quarter of 2023. However, the momentum fizzled out, and by August 5, 2024, the price had dropped nearly 65%. This sharp decline resulted in the formation of a descending wedge, narrowing the price range. 
Recently, the price has adhered to the wedge pattern and bounced back from the lower edge, approaching the upper edge. The 50-day and 200-day EMAs are currently significant obstacles, but a breakthrough could be imminent. If RUNE manages to surpass these EMAs and break through the horizontal resistance at $5, it could signal a Change of Character (CHoCH), indicating a potential bullish trend.  
<a href="https://in.tradingview.com/chart/RUNEUSD/zkPVYn1x-What-Does-RUNE-Price-SIgnify/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
The RSI has recovered from oversold conditions and is at 50.04, while the MACD has displayed a bullish crossover with a histogram reading of 0.055. Given these technical indicators, if RUNE breaks above the upper boundary of the wedge, potential target levels could be $6.0 and $9.0. However, support could move down to $2. 
<h2 class="wp-block-heading" id="h-what-does-ftm-price-highlight">What Does FTM Price Highlight?</h2> 
At press time, the price has traaded 3% down in intraday, but stayed 17% positive this week. 
The price structure was mostly bearish after peaking by the end of the first quarter of 2024.&nbsp; 
The MACD has shown a bullish cross, with a histogram at 0.0102, and the RSI has taken support from 36.59, which was at 46.99.  
<a href="https://in.tradingview.com/chart/FTMUSD/4EOC4w9t-What-Does-FTM-price-Highlight/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Therefore, the resistance lies at $0.439 and $0.551, followed by the supports present at $0.308 and $0.173, respectively. 
The post <a href="https://www.thecoinrepublic.com/2024/08/16/bitcoin-ethereum-slide-sats-ftm-rune-price-show-positive-moves/">Bitcoin, Ethereum Slide: SATS, FTM, RUNE Price Show Positive Moves?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Bitcoin, Ethereum Slide: SATS, FTM, RUNE Price Show Positive Moves?

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