The cryptocurrency market has started moving again after a low-volume week, with most digital assets trading in a consolidation range. In this context, Finbold looked for sell signals in overbought cryptocurrencies.
Despite the overall consolidation, some projects have maintained a strong momentum, leading to an overbought status. If these projects face challenges or a trend shift, this could create a selling opportunity for the next few days.
Notably, the total crypto market cap evidences the recent surge, adding nearly $160 billion in value since January 23. It marks a 10.53% increase in cryptocurrency until February 8, by press time.
Crypto total market cap daily chart. Source: TradingView
Sui Network (SUI) is overbought
In particular, Finbold spotted an overbought Sui Network (SUI) at CoinGlass’s weekly Relative Strength Index (RSI) heatmap on February 8.
The SUI token currently has the highest weekly RSI in the market, creating a relevant sell signal at these prices. As of wri
We współpracy z: https://finbold.com/sell-signal-for-2-overbought-cryptocurrencies-this-week/
