Despite the overall tendency in the crypto currency market, capital entry into some assets in the short term is increasing. This increase, as the relative power index (RSI) values ​​showed, pushed some crypto currencies to the extreme purchase zone. Crypto expert Paul L draws attention to the 2 Altcoin projects that should be avoided due to excessive purchase situations.

Altcoin in the first row: Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is among the most rising crypto assets these days. Altcoin was traded for $ 399, gaining approximately 32 %in weekly graphics. In fact, as an hour of RSI is 74,16 and 12 hours RSI 68.79, investors should progress carefully. Both are typically close to the threshold showing the conditions of overcrele.

It should be noted that the rise of BCH is compatible with short -term market recovery after significant capital outlets. This change came after the markets changed direction due to strategic crypto reserves. The last recovery appeared in the midst of news that US President Donald Trump could get back the renewed trade tariffs that have previously affected both crypto currency and stock markets. While Bch’s strong performance reflects the increasing investor interest, these RSI levels increase the likelihood of a price correction in the near future.

Technical indicators point to the rise!

In the meantime, technical indicators show that Bitcoin Cash can maintain its recent acceleration and target the $ 500 level. For example, an analysis by Profit Mind showed that BCH is currently traded in a daily graphic channel and faced pressure on constant drop.

However, the BCH seems to test the lower limit of the channel near an important support zone. If bulls increase the price above the decreasing channel, a break can trigger a rally towards the $ 500 sign.

BCH Price Analysis Graph. Source: Profit Mind

Token in the second row: Jito (JTO)

Jito (JTO) also follows a upward course in the short term. This price movement increased the presence to the overbreaking zone. For Altcoin, an hour of RSI is 71.39, while the 12 -hour RSI value is 51.51. Despite the impressive gains of JTO, these measurements warn you not to enter new positions, as they may face down pressure after the rapid rise of Altcoin price. During the article, the JTO was traded at $ 2,628 with an increase of 25.38 %during the day. This increase corresponds to the same time as an increase in the volume of transaction, which increased by more than 30 %in the same period.

JTO is a daily price graph. Source: coinmarketcap

In particular, the JTO witnessed the increase in investor interest in the recently listing of the South Korean Exchange Upbit. At the same time, Jito, the largest liquid stake project in Solana, has a total locked value of $ 2.23 billion (TVL) at the press time.

The opinions and forecasts in the article belong to the expert and are not definitely investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.