PAX Gold (PAXG) and Zcash (ZEC) have entered overbought territory, with their Relative Strength Index (RSI) readings surpassing 70, according to Finbold. PAXG's RSI has surged to 87.16, while ZEC's stands at 73.29, indicating strong trading activity amid macroeconomic uncertainty and increased interest in privacy coins.
The elevated RSI levels suggest that both cryptocurrencies may face a potential correction or consolidation. Traders are advised to exercise caution and consider waiting for momentum to cool before initiating new positions in these assets.
PAX Gold and Zcash Enter Overbought Territory, Caution Advised
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