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Cryptocurrency market analysts name digital tokens that should not be bought in early 2024
Ed: NOT financial advice!
Experts in the digital asset industry note: the year 2023 is coming to an end, against which volatility in the crypto market has fallen and many digital coins are behaving unpredictably. Experts from the cryptocurrency analytical publication Finbold have assessed the situation in the crypto sector and identified coins that are better not to trade from January 1 to January 7.
Experts have singled out the virtual coin Binance Coin BNB $566.69 BNB 0.71% Market capitalization $82.67 billion VOL. 24 hours $57.98 million , whose market capitalization is currently just over $ 48.2 billion. Today, the asset was trading close to $ 318, having lost about 3.9% in value over the past day. Analysts expect the crypto asset to develop a downward trend, explaining that the relative strength index on the 4-hour interval is in the overbought area.
Next, analysts noted the Astar coin (ASTR). Currently, the cryptocurrency is trading at $ 0.1271 and has lost about 0.92% over the past day. Crypto experts emphasize that the RSI lines on the H4 timeframe are near the level of 79. Against this background, there is a high probability of a bearish trend.
Experts also paid attention to the Skale (SKL) asset. Over the past day, the coin has fallen in value by more than 9.2% and is currently trading at $ 0.078. It is noteworthy that the relative strength index is at 92.38. This signals a significant overbought condition, which increases the chances of a correction.
In general, according to the analytical tracker CoinMArketCap, on Saturday, December 30, the global market capitalization sank by 1.74% and is within $ 1.64 trillion. The dominance of bitcoin BTC $62,762.78 Bitcoin 1.05% Market capitalization $1.24 trillion VOL. 24 hours $0.53 billion in the market remains at 49.9%, and ethereum ETH $2,442.36 Bridged Ether (StarkGate) 1.27% Market capitalization $0.19 billion VOL. 24 hours $0.25 billion - 16.7%. The Fear and Greed Index was at 71 points.