2 cryptocurrencies are giving a buy signal this week

Despite the continued selling pressure on bitcoin (BTC), the divergence of the Relative Strength Index (RSI) suggests a potential recovery that will provide an opportunity to buy the asset at an attractive price.

According to CoinGlass, the 24-hour average of the RSI for the crypto market as a whole is 38.29, indicating a transitional phase. This means that some cryptocurrencies, especially those whose RSI value indicates oversold, are undervalued and may soon rise in price, making the current moment an attractive entry point for investors looking to capitalize on market volatility.

Note two cryptocurrencies that may be of interest to investors this week based on their RSI levels and other indicators.

Worldcoin (WLD) The RSI values of Worldcoin (WLD) at different time horizons, such as the 24-hour RSI at 23.55 and the weekly RSI at 36.29, clearly indicate that the asset is oversold.

Such a significant deviation from the average RSI value of 38.29 suggests that WLD is probably undervalued, hence, it may rise in price in the near future.

WLD's current price is $1.8625 and has gained 0.96% in the past 24 hours. Despite the fact that the asset is in the oversold zone, the slight increase in price indicates the possible beginning of the recovery phase, which makes this moment suitable for buying.

Several other technical indicators also support a buy signal for WLD. The Relative Strength Index (14) at 23.736 and the Commodity Channel Index (20) at -109.991 are in favor of buying the asset.

In addition, the Momentum indicator (10) at -0.694 is showing a buy signal; the Williams Percent Range (14) at -90.211 is also a strong buy signal. These indicators emphasize that current market dynamics and sentiment are supportive of a potential price recovery.

Altlayer (ALT) The second attractive buy option this week is Altlayer (ALT), as evidenced by the asset's oversold condition and related technical indicators. Since its average RSI indicates a significant oversold condition, ALT can be called an undervalued cryptocurrency, which means that its price has the potential to rise in the near future.

Currently, the price of ALT is $0.13253, and since it has shown a 1.49% increase in the previous 24 hours, we can talk about the beginning of the recovery phase.

RSI values at different time horizons emphasize ALT's oversold status: the 24-hour RSI is 27.85 and the average RSI is 38.29. Key technical indicators support a buy signal: RSI (14) is at 28.5389, Commodity Channel Index (20) is at -89.7605 and Momentum (10) is at -0.0340.

Эти показатели говорят о благоприятных условиях для покупки и подчёркивают наличие благоприятной среды для восстановления цены.

Несмотря на то, что скользящие средние указывают на преимущественно медвежий прогноз, сильные сигналы на покупку от ключевых осцилляторов позволяют предположить, что текущие условия на рынке ALT предлагают многообещающие инвестиционные возможности.

Трейдерам следует учитывать неоднородность сигналов и внимательно следить за рыночными тенденциями; тем не менее статус перепроданности и соответствующие технические индикаторы делают ALT привлекательным инвестиционным вариантом для тех, кто хочет извлечь выгоду из его возможного восстановления.

И Worldcoin, и Altlayer в настоящее время находятся на территории перепроданности и подают сильные сигналы на покупку согласно различным техническим индикаторам. Инвесторы и трейдеры должны учитывать эти возможности, сохраняя при этом бдительность в отношении рыночных тенденций и неоднозначных сигналов.