Although the remaining wide currency market, many assets are witnessing an increase in capital flows in the short term.
This increase has prompted some cryptocurrencies to the lands of seen, as the Relative Power Index Readings (RSI) indicate.
It is worth noting that RSI, the momentum that measures the speed and change of price movements, usually indicates the excessive conditions that exceed it when it exceeds 70. This indicates that the original may be excessive and this is due to a possible correction.
In this context, Finbold has determined the following digital prize that deserves to be avoided now due to its excessive climax.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is currently among the high -flight digital assets. As of the time of the press, the cryptocurrency was circulated at $ 385, with 30 % on daily and weekly plans.
In fact, investors must go with caution, as the relative strength index for one hour is 74.16, and RSI for 12 hours is 68.79-both near the threshold usually indicates excessive conditions in the peak.
It should be noted that the BCH gathering is in line with the market recovery in the short term after large capital flows. This transformation came after the path of the path due to strategic encryption backgrounds.
The recent recovery appeared amid reports that US President Donald Trump may back down from renewable commercial tariffs, which have previously affected both encrypted currency markets and stocks.
While the strong performance of BCH reflects the increasing interest of the investor, these RSI levels increase the possibility of a prices for prices in the near future.
Meanwhile, technical indicators indicate that Bitcoin Cash has extended its last momentum and targeting the $ 500 sign. For example, analysis before Mind profit Shown BCH is currently trading within a convergence channel on the daily chart and faces continuous declining pressure.
However, BCH appears to test the lower boundaries of the channel near the main support zone. If the bulls pay the price over the concession channel, the penetration may lead to a crowd towards a mark of $ 500.
JTO (JTO)
Jito (JTO) is also on a short -term escalating path, a price movement that raised the original to the peak area of purchase. RSI of assets for one hour at 71.39, while RSI for 12 hours at 51.51.
Despite the impressive JTO gains, these scales warn against entering new sites, as the cryptocurrency may face declining pressure after its quick rise.
As of the time of the press, JTO has been traded at $ 2.628, as it increased by 25.38 % in the past 24 hours. This increase coincides with the high trading volume, which increased more than 30 % during the same period.
It is worth noting that JTO has witnessed an increase in the investor’s interest, mainly driven by its recent listing on Upbit on the South Korean Stock Exchange.
At the same time, Jito, the largest liquid project on Solana, includes a closed total value (TVL) worth $ 2.23 billion as of the time of the press.
Although the excessive RSI levels in the field of assignment indicate a possible correction, the following investment decision for Bitcoin Cash and Jito depends on the broader market path.
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