In the past few days, the cryptocurrency market has seen Bitcoin (BTC) reaching its all-time high and meme coins in the spotlight as the week’s top performers. The euphoria dominated the space, and some cryptocurrencies could now be overbought.
Some other projects lost momentum as Bitcoin pivots for a price correction after facing the historical resistance at $69,000.
In this context, Finbold turned to CoinGlass and gathered data from its Relative Strength Index (RSI) heatmap. Notably, dozens of cryptocurrencies currently register an overbought status. Two now show a potential sell signal in the expectation of a short-term retracement.
eCash (XEC) could be overbought
In particular, eCash (XEC) has the highest daily and weekly RSIs among other cryptocurrencies. According to CoinGlass’s data, XEC is overbought in both time frames with 89.36 and 79.27 index points, respectively.
Interestingly, eCash is a direct fork from Bitcoin. It is up 53.57% in the last seven days to
We współpracy z: https://finbold.com/sell-signal-for-two-overbought-cryptocurrencies-this-week/
