Bitcoin Cash

Gold

Dogecoin

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 <p class="paragraph">Following this week’s cryptocurrency market crash, digital assets currently display bearish technical indicators like a weak relative strength index (RSI). However, two popular cryptocurrencies have a potential buy signal, with an extremely oversold status on May 1.</p>
 <p class="paragraph">As reported by Finbold, long-position traders lost $400 million since April 30, as $250 billion in capitalization left the market. The crash impacted Bitcoin (BTC) and Ethereum (ETH) traders, mostly, but all <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies suffered meaningful losses.</p>
 <p class="paragraph">Previously, crypto traders registered $100 million in total liquidations within a 4-hour time frame, which started the major sell-off. As a result, the average RSI dropped to a weak status below 34 index points, suggesting an overall bearish momentum.</p>
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    Long-position traders lost $400 million in a 24-hour bloodbath <span class="self-center text-xs text-slate-500">3 hours ago</span>
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    Bitcoin plummets under $57,000 as <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> market faces bear market reality <span class="self-center text-xs text-slate-500">4 hours ago</span>
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 <p class="paragraph">Conversely, while some traders panic sell, others may see a buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> opportunity for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies with discount prices. In particular, Finbold identified Bitcoin Cash (BCH) and Dogecoin (DOGE) as the two most <a rel="noopener noreferrer nofollow" title="oversold" href="https://thebittimes.com/tag/oversold.html">oversold</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies in <em>CoinGlass</em>‘s 4-hour chart.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-cash-bch-most-oversold-crypto">Bitcoin Cash (BCH): Most oversold crypto</h2>
 <p class="paragraph">First, Bitcoin Cash was the most <a rel="noopener noreferrer nofollow" title="oversold" href="https://thebittimes.com/tag/oversold.html">oversold</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency at press time, with a 21.07 4-hour relative strength index. BCH holds a neutral 52.4 in the weekly time frame despite having a weak 24-hour RSI of 33.37.</p>
 <p class="paragraph">As of this writing, the coin trades at $406.2, down 1.41% in the last four hours.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="613" src="https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp" alt class="wp-image-173065" srcset="https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp 1024w, https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp 300w, https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp 768w, https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp 1536w, https://cdn.thebittimes.com/images/2024/05/01/734558d4623b021e27474a42abd7d76d.webp 1796w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Crypto Market RSI Heatmap: BCH. Source: <em>CoinGlass</em>
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 <p class="paragraph">Finbold previously reported two other buy signals for Bitcoin Cash due to high negative funding rates and short-squeeze liquidations. The renowned Bitcoin competitor stood out as an alternative as BTC fees reached record highs above $100 per transaction.</p>
 <h2 class="wp-block-heading" id="buy-signal-for-dogecoin-doge">Buy signal for Dogecoin (DOGE)</h2>
 <p class="paragraph">Meanwhile, Dogecoin has the second-highest oversold signal among the top 100 cryptocurrencies in the 4-hour time frame. DOGE was trading at $0.12 at the time of publication, with a 23.9 RSI.</p>
 <p class="paragraph">Like Bitcoin Cash, the leading meme coin has a neutral 50.03 and a weak 31.1 weekly and daily RSI, respectively.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="613" src="https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp" alt class="wp-image-173066" srcset="https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp 1024w, https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp 300w, https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp 768w, https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp 1536w, https://cdn.thebittimes.com/images/2024/05/01/877ba9e077c2e674bd90a978254a5a86.webp 1796w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Crypto Market RSI Heatmap: DOGE. Source: <em>CoinGlass</em>
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 <p class="paragraph">Notably, having an oversold status does not guarantee short-term positive price action and is often seen as a bearish indicator. For now, cryptocurrency investors await a leading signal that could come from macroeconomic decisions from the Federal Reserve’s interest rate decision.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/buy-signal-for-the-two-most-oversold-cryptocurrencies-today-tbt87142.html">https://thebittimes.com/buy-signal-for-the-two-most-oversold-cryptocurrencies-today-tbt87142.html</a></p>

Buy signal for the two most oversold cryptocurrencies today

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