Four altcoins: RUNE (ThorChain), FTM (Fantom), DOGE (Dogecoin), and SUPER (SuperFarm), are gaining attention as an analysis highlighted these tokens could soon break their weekly resistance trends. Historically, such breakouts have led to substantial price rises.

Read also: Inverse Head and Shoulders Formation Hints at Altcoin Market Rally

Fantom (FTM)

Fantom (FTM) is among the key tokens being closely watched. Trading around $0.44 at the time of writing. The token is testing a long-term weekly resistance trendline that has held the price down for several months. If FTM breaks above this level, traders are eyeing a price target of $1, which would represent a potential gain of over 104%.

Source: X

ThorChain (RUNE)

RUNE, the native token of ThorChain, is currently trading around $3.73 and is approaching a crucial resistance level. If the token breaks above this level, analysts project a price target of $9, which equates to a potential increase of 136%. ThorChain’s unique ability to facilitate cross-chain liquidity without wrapping assets makes it a significant player in the DeFi space.

Dogecoin (DOGE)

Dogecoin (DOGE), the popular meme coin, is also approaching its weekly resistance level. Currently trading at $0.0978, DOGE has been consolidating under this resistance for an extended period. If the resistance is broken, DOGE could target a price of $0.18, representing an 82% increase.

SuperFarm (SUPER)

SuperFarm (SUPER) is another altcoin on the verge of a potential breakout. Currently at $0.6798, SUPER is testing its weekly resistance trendline. A successful break could push its price towards $1.4, representing a potential gain of over 100%. SuperFarm, known for its involvement in the NFT and gaming sectors, has been gaining traction, and a confirmed breakout could further boost investor interest.

These four altcoins have captured traders’ attention due to their potential for significant gains. Each token is currently in a consolidation phase, often a precursor to a breakout. If these tokens manage to break through their resistance levels, traders anticipate notable price surges.