#cryptotradingpro
🚨 2 Overbought Cryptos to Watch This Week 🚨
The crypto market is heating up, but some assets are flashing overbought signals with RSI above 70, hinting at potential consolidation or reversals. Here are two to keep an eye on:
1️⃣ Lido DAO ($LDO )
• 📈 Price Surge: Up 15.6% in 24 hours to $1.371.
• ⚠️ RSI Warning: 79.41 (4H chart), 72+ (daily) – well into overbought territory.
• 🐳 Why? Whale accumulation is driving momentum, but the rally may be overstretched.
2️⃣ Ethena ($ENA )
• 📈 Price Surge: Up 5.46% in 24 hours to $0.7749.
• ⚠️ RSI Warning: 73.75 (4H chart), 73.41 (daily) – also overbought.
• 📊 Analyst Insight: Ali Martinez notes a bullish flag breakout, with potential targets at $1 and $1.50 if $0.70 support holds.
⚠️ Takeaway: Overbought conditions don’t always mean an immediate drop, but caution is key. Watch for profit-taking or consolidation!