With the cryptocurrency market showing modest rebounds over the past week, several assets have entered overbought territory.
This state is typically reached when the relative strength index (RSI) rises above the crucial 70 mark.
Such conditions often point to potential exhaustion, signaling possible price stalling or a correction.
In this context, Finbold has identified three assets currently trading in overbought territory, highlighting the need for caution in the short term.
Enjin Coin (ENJ)
Enjin Coin (ENJ) was trading at $0.040 as of press time, with a modest 1.61% increase over the past 24 hours, yet its 24-hour RSI stands at 84.16.
ENJ price and RSI reading. Source: Coinglass
The exhaustion follows a sharp rally in early April, with single-day gains reaching 61% and some sessions recording intraday surges of up to 91%.
The move was propelled by spot trading volume surging to $216.97 million, the highest level since April 2025.
This derivatives-fueled activ
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