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2 overbought cryptocurrencies to avoid trading this week

2 overbought cryptocurrencies to avoid trading this week

CryptoNewsNetCryptoNewsNet2026/03/16 20:00
By:CryptoNewsNet
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2 overbought cryptocurrencies to avoid trading this week

2 overbought cryptocurrencies to avoid trading this week image 0  finbold.com 6 m
2 overbought cryptocurrencies to avoid trading this week image 1

As the cryptocurrency market rebounds, some assets are showing signs of overheating. Notably, Bitcoin (BTC) is leading the charge after surging past $74,000, lifting sentiment from extreme fear toward neutral territory.

The recovery has fueled strong altcoin gains, driven by institutional inflows, sector narratives, and easing macro pressures.

However, the rapid rallies are pushing some tokens into overbought territory, with the Relative Strength Index (RSI) exceeding 70 across key timeframes.

Such conditions often signal fading momentum, increasing the likelihood of profit-taking and short-term corrections in a still-fragile, volatile market.

Against this backdrop, Finbold has identified the following two assets as overbought, warranting caution from traders.

Artificial Superintelligence Alliance ($FET)

Artificial Superintelligence Alliance ($FET) stands out, displaying clear overbought traits.

Trading at $0.21 after a sharp 16% daily advance, $FET has benefited from the AI crypto resurgence, including expanded staking incentives on platforms like Bitvavo, renewed sector rotation, and anticipation around the alliance’s ongoing roadmap for autonomous agents.

However, multi-timeframe RSI readings confirm the overheating, with the figures at 72.82 on the 15-minute chart, spiking to 86.24 on the 1-hour chart, holding at 80.62 on the 4-hour chart, reaching 84.01 on the 12-hour chart, and sitting at 77.18 on the 24-hour chart.

These elevated levels, particularly the extreme 86.24 on the 1-hour and 84.01 on the 12-hour, signal aggressive short-term momentum that often precedes pullbacks.

2 overbought cryptocurrencies to avoid trading this week image 2

While longer-term views remain constructive with potential targets toward $0.35, the immediate technical stretch in a still-fragile rebound environment warrants caution.

Render ($RENDER)

Render ($RENDER), the decentralized GPU compute network token, also displays overbought characteristics on longer horizons despite steadier recent price action.

As of press time, the asset was trading at $1.8, with RSI readings highlighting the concern, with 56.01 on the 15-minute chart, 54.05 on the 1-hour chart, 62.37 on the 4-hour chart, 72.32 on the 12-hour chart, and 71.98 on the 24-hour chart.

Shorter intervals remain relatively balanced, but the 72.32 reading on the 12-hour and 71.98 on the 24-hour chart cross into overbought territory, pointing to building exhaustion after sector rotations.

2 overbought cryptocurrencies to avoid trading this week image 3

Overall, $RENDER has ridden enthusiasm tied to decentralized compute demand, network milestones such as millions of frames processed, and broader AI infrastructure narratives, including buzz around developments highlighted at events like Nvidia GTC.

In this rebound phase, where enthusiasm can outpace fundamentals, traders would be wise to avoid aggressive positions in $FET and $RENDER this week.

Allowing indicators to cool and watching for healthier retests of support could preserve capital and reveal clearer entry points once immediate overbought risks ease.

Featured image via Shutterstock

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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