Analysts name tokens to avoid investing in this week

Editor’s note: not financial advice!

Finbold analysts have analyzed leading indicators to come up with a list of three cryptocurrencies that users should avoid investing in. These coins, given their underlying economic models and RSI signals, could pose a big risk in the coming days.

dYdX (DYDX)
The native dYdX token (DYDX) is the first cryptocurrency that is not trading this week due to fundamental economic aspects. Mass token unlocking started on November 24 and will last until December 1.

Over the next seven days, the dYdX team will unlock 152.16 million DYDX, which is 84.41% of the circulating supply. This unprecedented supply inflation could create tremendous selling pressure, which will significantly affect the token’s performance. At the time of writing, according to token. unlocks, DYDX is trading at $ 3.26, down 7.34% in the past 24 hours.

Sei Network (SEI)
According to the RSI, Sei Network is one of the most overbought cryptocurrencies to avoid this week. The native token of this first-level blockchain launched in 2023 shows 77.62 points for its indicator on the 4-hour chart and 79.23 points on the daily timeframe. Specifically, SEI is trading down 5.7% over the past 24 hours, at $ 0.218 at the time of writing.

Gas (GAS)
Like SEI, Gas (GAS) is also showing overbought signals with an RSI of 79.83 on the daily chart. However, its 4-hour RSI shows strength and a little momentum, which investors should consider for short-term price action in day trading.

GAS is in demand as a token used to pay for NEO Blockchain transactions, its fundamental success is directly dependent on the adoption of NEO. At the time of publication, GAS is trading at $ 8.17, down 8.7% on the day.

«Although the cryptocurrency market is unpredictable, caution and strategic analysis are key. The three cryptocurrencies mentioned above, according to current data and analysis, pose higher risks next week ,» the analysts concluded.