Altcoin News by Thebittimes.Com

Nervos Network (CKB) is the only crypto currency with an overbought daily Relative Strength Index (RSI) in the market. Investors wonder if this is a sell signal or significant evidence of strength for CKB, considering overall conditions. Notably, Nervos Network’s native token is overbought in CoinGlass ‘s three higher time frames, according to data retrieved on April 10. CKB has a 74.98 4-hour RSI, 78.5 on the daily, and 78.8 for the weekly chart.  Interestingly, it is the only cryptocurrency with an overbought Relative Strength Indicator in the 24-hour heatmap. Meanwhile, other cryptocurrencies display a neutral average of 46.82 index points. Picks for you Here's how to turn $1k to $1 million during this crypto cycle 2 hours ago This Solana trader made from $530k to $6 million amid uncertainties 2 hours ago US recession is 'delayed but still coming' warns Chief Strategist 2 hours ago What’s happening with Brazilian Real v...

The crypto currency 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 signal s in overbought crypto currencies.  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 crypto currency 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. Cryptocurrency Buy signal for 2 oversold cryptocurrencies this week Cryptocurrency...