What is Overbought in Cryptocurrencies ?

A crypto is said to be overbought if its price has gone up over a period of time without any rationale. An overbought crypto is considered to be trading above its fair value. Tools like Relative Strength Index are used to identify whether a Crypto is Overbought or Oversold and is based on recent momentum in pricing, typically over a 14 day period.



You May Interest

What is DSL?

What is Degauss?

What is IMEI?

What are the Important Status Codes in HTTP ?

What is POP3?