Cryptocurrency investors It has been a long time since the bull markets started and we are experiencing days that are exactly the opposite of what we experienced 2 years ago. Cryptocurrencies are now making new highs, not new bottoms. In today’s review, we cover the current status of more than 70 cryptocurrencies. Moreover, we will also examine current expert comments for WIF and LINK Coin.
70 Cryptocurrency Latest Status
RSI allows us to see whether an asset is overbought or sold. If the RSI is high, we see that investor demand is extremely strong. The RSI above 50 is stable in bull markets, and with continued demand, this is how altcoins reach new highs or even ATH levels.
In the chart above we see the RSI status of more than 70 cryptocurrencies. Here, the rise of assets anchored above 50 is expected to continue. It can be said that the period of extreme excitement has not yet begun for altcoins such as RARE and DOGS. Kyledoops wrote:
“altcoins are strengthening this week and most are in overbought or strong RSI zones. The average RSI is currently above 63; “This is a sign that momentum remains strong.”
If the average RSI remains strong, new historical highs may also be seen in altcoins. In addition, you can see whether the altcoins that are not in the table are cheap, high/low demand by examining the RSI status on the weekly chart.
WIF and LINK Coin Review
TraderXO in today’s analysis WIF Coin He wrote that if the price is withdrawn, entry can be made at 2.8 and 2.9 dollars. In the chart shared below, he targets $4.68 with closings above $3.4. Since it is one of the new meme coins, WIF Coin may experience rapid growth in an environment where interest is shifting to cryptocurrencies that have not seen bulls.
QuintenFrancois continues to share reviews about LINK Coin in recent days. According to him, the price is quite low and new highs are needed.
“LINK Looks ready to move on! It strongly broke the previous cycle high at $22.90 and has now successfully retested as support. A bullish pennant is also forming on the lower time frames. The next targets are $28.90 and $35.20. This setup looks strong.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
