The cryptocurrency market has seen significant fluctuations today, with multiple coins exhibiting strong rising trends. Among them, XTER has performed the most prominently, with an increase of 121% and a daily trading volume reaching 6.72 million USDT. On the technical side, XTER's Relative Strength Index (RSI) is close to 78, entering the overbought zone, but the Moving Average Convergence Divergence (MACD) still shows a golden cross pattern upward trend, indicating it may continue to rise in the short term.



ONT followed closely behind, rising by 40%, with a trading volume of 2.31 million USDT. The RSI index of ONT exceeded 88, indicating strong buying pressure, but the J value in the stochastic indicator (KDJ) is close to 100, and investors should be wary of a potential pullback.

QTUM is also not to be underestimated, with a rise of 33% and a daily trading volume approaching 7 million USDT. The MACD indicator for QTUM shows an increase in volume, and the RSI has reached 88, clearly indicating an overbought condition. For investors looking to enter the market, it is advisable to wait for a pullback before considering entry.

Despite the impressive performance of these currencies, technical indicators generally show short-term overheating. Investors should avoid blindly chasing highs, especially when the RSI exceeds 80, as the risks increase significantly. For short-term traders, closely monitoring volume fluctuations is crucial, as a decline in volume after a significant rise may indicate an upcoming correction.

It is worth noting that cryptocurrencies that experience explosive growth often come with significant volatility. Investors must strictly control their positions and set reasonable stop-loss points to guard against potential risks. In the current market environment, rational analysis and cautious operation are particularly important.
ONT1.1%
QTUM3.5%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)