Monero enters ‘overbought’ danger zone after XMR price gains 75% in two weeks -Breaking
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Monero moves into a ‘overbought” zone following XMR’s 75% price gain in just two weeksMonero (XMRThe price of ) may see a steep pullback in June due to its 7.5% gain in the last 2 weeksThis has caused the gauge to be almost “overbought”.
XMR’s relative Strength Index (RSI) has been increasing, which nearly hit 70 on May 23. This indicates that the market is overvalued. A declining streak of moves could be a result of an oversold RSI, according to technical analysis.
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