2 overbought cryptocurrencies to avoid this week

The broader crypto market has entered a period of consolidation, with many assets trading sideways after weeks of ￰0￱ some coins are cooling off, a few are showing signs of being overbought, raising the risk of sharp reversals if momentum ￰1￱ this end, the following two cryptocurrencies are firmly in the overbought zone, suggesting that traders should approach with ￰2￱ (ZEC) Zcash ( ZEC ), the privacy-focused cryptocurrency , has been on a tear, climbing more than 17% over the past 24 hours to trade near $65.95 as of press ￰3￱ RSI levels.) Meanwhile, Alpine (ALPINE) tells a different but equally cautionary ￰4￱ shedding nearly 7% in the last 24 hours and dipping to $5.37 as of press time, the token remains technically ￰5￱ RSI levels.) performs.

Notably, the maiden cryptocurrency has seen r educed activity this past week , a key level that continues to weigh on overall ￰6￱ image via Shutterstock