As of June 2024, several cryptocurrencies are considered overbought or oversold based on their relative strength index (RSI) and other technical indicators. Here is a summary of the most notable ones:
Overbought cryptocurrencies:
1. Jasmy (JASMY):
• RSI: 87, indicating highly overbought conditions.
2. pSTAKE Finance (PSTAKE):
• RSI: 83, also highly overbought.
3. Monero (XMR):
• RSI: 82, indicating overbought territory.
4. Grayscale Ethereum Trust (ETHE):
• RSI: 81, pointing to overbought conditions.
5. Tyler (TRB):
• RSI: 79.88, indicating that it is severely overbought.
6. Frontier (FRONT):
• RSI: 74.66, showing continued buying pressure and overbought conditions.
Oversold Cryptocurrencies:
1. Cardano (ADA):
• RSI: 29.69, indicating oversold conditions.
2. Chainlink (LINK):
• RSI: 27.78, also indicating that it is oversold.
3. NEM (XEM):
• RSI: 18, severely oversold.
4. OMG Network (OMG):
• RSI: 24, pointing to oversold conditions.
5. WAVES (WAVES):
• RSI: 21, indicating a clear oversold condition.
These RSI values suggest that overbought cryptocurrencies may see a price correction, while oversold cryptocurrencies may present buying opportunities if market conditions improve. Investors should always conduct thorough research and consider a variety of factors before making an investment decision.