2 ‘Overbought’ Cryptocurrencies Traders Steered Clear of This Week – Here’s Why

Summary:

• Currently, the crypto market is undergoing consolidation, pushing two privacy altcoins into overbought territory.
• The crypto ZEC is showing cautionary signals and the short-term momentum is noted to be starting to weaken.
• DASH crypto’s RSI level indicates that it has entered the “overheated” zone.

The cryptocurrency market is currently undergoing consolidation, but some assets are showing a significant increase in buying pressure, pushing them into overbought territory.

Interestingly, analysis of the on-chain data shows that these assets mostly come from privacy-focused sectors.

Read also: Will Altcoin Season Happen in November 2025? Here’s What Crypto Analysts Say

Despite the upward push, this overbought condition suggests that traders may need to wait and be cautious, as this kind of move could trigger a price correction.

Zcash (ZEC)

Zcash (ZEC) has been one of the strongest performing privacy coins in recent weeks, but its technical indicators are now showing cautionary signals.

On November 2, ZEC was trading at around $417, down 0.09% in 24 hours and down 3.51% over the past week, indicating that short-term momentum may be starting to weaken.

The Relative Strength Index (RSI), which is used to measure the strength of market trends, shows that ZEC is approaching the 70 level, which is usually considered overbought territory.

Based on the latest RSI data, ZEC’s RSI in the 15-minute time frame stands at 51.39; one-hour at 53.09; four-hour at 61.98; twelve-hour at 72.51; and 24-hour at 77.07 – placing it clearly in the overbought zone for the longer term.

Dash (DASH)

On the other hand, Dash (DASH) shows an even more aggressive overbought profile. The token is trading at $89.78, up 1.05% in 24 hours (2/11) and surging 30.53% in the past week, reflecting strong speculative buying.

Read also: 7 Altcoins Bought by Crypto Whales After FOMC Rate Cut, Surge in November?

RSI readings reinforce this momentum: The 15-minute RSI is at 63.06; one-hour at 78.76; four-hour at 91.45; twelve-hour at 83.59; and 24-hour at 82.57 – all indicating extreme overbought conditions.

This extremely high RSI level indicates that DASH has entered the “overheated” zone, where the price is soaring much faster than the underlying fundamentals.

As with ZEC, DASH’s sharp rally was triggered by renewed attention to privacy assets and the technical breakout above a key resistance level. However, the probability of a price correction or consolidation phase remains high.

Despite the significant gains, DASH faces structural challenges, particularly from increasingly stringent global regulations on privacy coins, which could impact liquidity and access on exchange platforms.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Finbold. 2 overbought cryptocurrencies to avoid trading next week. Accessed on November 3, 2025