The cryptocurrency market slightly recovered on January 26 after two weeks of poor performance following the Bitcoin spot ETF approval.
Amid signs of hope for crypto investors, technical and fundamental analyses suggest speculators should avoid trading four cryptocurrencies next week. Essentially, the following cryptocurrencies are currently riskier bets than other projects.
In this context, avoiding trading riskier projects helps protect investors in an already uncertain and highly volatile market. Traders interested in these cryptocurrencies can wait for better opportunities in a clearer scenario.
Particularly, Finbold spotted UMA (UMA), Dusk (DUSK), Terra Classic (LUNC), and Terra (LUNA) as cryptocurrencies to avoid trading next week.
UMA (UMA)
Currently, only two cryptocurrencies have an overbought Relative Strength Index (RSI) status, according to CoinGlass’s 24-hour heatmap. The first is UMA, an oracle blockchain competing with Chainlink (LINK), trading at $5.41 by press time.
We współpracy z: https://finbold.com/4-cryptocurrencies-to-avoid-trading-next-week/
