⚈ Nexo won after returning the American market in the middle of the bullish feeling
⚈ Price prospects depend on the wider market, in particular bitcoin crossing $ 95,000
The cryptocurrency market is in the consolidation phase, but several digital currencies attend an increased purchase pressure, pushing them into the excessive area.
Indeed, these cryptocurrencies record relative force readings (RSI), which indicate a potential accident during the coming week.
Nexo (Nexo) and Esseur (QNT) are among those who show signs of overcout, which make risky bets for merchants.
Nexo (Nexo)
The Crypto Nexo loan entity attends increased activity after announcing its return to the American market. The co-founder Antoni Trenchev has credited the transition to a more favorable regulatory environment under the presidency of Donald Trump.
In particular, Nexo left the United States in 2022 following regulatory challenges linked to its product of gay interest, aggravated by the collapse of the FTX and a broader repression of cryptographic lenders.
However, Nexo’s prices' action raises concerns, reporting an imminent slowdown. By currently negotiating at $ 1.27, the token has increased 1.60% in the last 24 hours.
More revealing are its RSI values with a reading of 71.98 on the 24 -hour graph, 69.31 on the graph of 12 hours and 58.26 on the graph of 4 hours. Generally, an RSI greater than 70 indicates an excessive condition.
Quant (qnt)
As for, a blockchain interoperability project also flashes warning panels for merchants. At a price of $ 86.70 from press time, QNT has displayed modest gains of 1.40% in the last 24 hours.
However, its RSI readings are worrying, with figures at 70.99 on the 24 hour, 73.64 graph over 12 hours and 69.03 on the 4 hours. These high levels of RSI, in particular the 12 -hour RSI of 70, potentially point out a drop in prices to come.
Although the technical indicators suggest that the digital assets highlighted could crash, their next price trajectory depends strongly on a broader feeling of the market.
If Bitcoin (BTC) exceeds the $ 95,000 mark, there is a good chance that Nexo and Qnt will follow suit.
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