The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark.
Despite the suppressed price movement, several digital assets are exhibiting increased buying pressure that has elevated them into overbought territory, historically serving as a precursor to price corrections.
While short-term traders might still find opportunities in such an environment, the risk of a downturn from the overbought conditions outweighs the potential rewards, hence the need to avoid the following two cryptocurrencies next week.
BinaryX (BNX)
BinaryX (BNX) has recently gained popularity in the cryptocurrency market, recording massive capital inflows. The token, trading at $1.49 as of press time, has seen a 37.49% rise over the past 24 hours.
Although these short-term gains might be tempting to investors, the token’s 15-minute relative strength index (RSI) of 74.78,
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