As the end of the second quarter approaches, markets are anticipating a positive correction after a wave of decline that has affected most currencies. These are 3 currencies showing clear technical signals that they are in an oversold phase, and may start to rise soon.
Avalanche $AVAX _1
📊 AVAX analysis updates
Avalanche (AVAX)
Current price: approximately $21.92
RSI (14): 52.27 – indicates a neutral condition
MACD: +0.14 – slight bullish crossover
Stochastic RSI: 19.88 – indicates an oversold condition
Support level: approximately $20.07
Resistance level: approximately $25
These indicators suggest that AVAX may be in a stabilization phase, with the potential for a bullish bounce if current support levels are maintained.
2_ Arbitrum $ARB
Current price: approximately $0.3419
RSI (14): 51.73 – indicates a neutral condition
MACD: gives a weak sell signal
Support level: approximately $0.293367
Resistance level: approximately $0.3537
These indicators suggest that ARB may face some selling pressure, but maintaining current support levels may provide a bounce opportunity.
🛡️ Important warning:
These currencies are not buy recommendations, but they are candidates for a strong upward movement from a technical analysis perspective only. It is essential to use a stop loss and a capital management plan when trading.