With the cryptocurrency market showing mild capital inflows in the short term, investors are watching several indicators to help anticipate price movements. In this context, the relative strength index (RSI) is among the notable indicators being used to gauge market conditions and inform decisions. Notably, the RSI measures the speed and change of price movements on a scale from 0 to 100. When RSI readings climb above 70, it typically signals that an asset is overbought, meaning it may have risen too quickly and could be due for a correction or pullback as sellers step in to take profits
source: https://finbold.com/2-overbought-cryptocurrencies-to-avoid-trading-this-week-5/