3 overbought cryptocurrencies to avoid trading this week

With the cryptocurrency market showing modest rebounds over the past week, several assets have entered overbought territory.

This state is typically reached when the relative strength index (RSI) rises above the crucial 70 mark. 

Such conditions often point to potential exhaustion, signaling possible price stalling or a correction. 

In this context, Finbold has identified three assets currently trading in overbought territory, highlighting the need for caution in the short term.

Enjin Coin (ENJ) 

Enjin Coin (ENJ) was trading at $0.040 as of press time, with a modest 1.61% increase over the past 24 hours, yet its 24-hour RSI stands at 84.16. 

The exhaustion follows a sharp rally in early April, with single-day gains reaching 61% and some sessions recording intraday surges of up to 91%. 

The move was propelled by spot trading volume surging to $216.97 million, the highest level since April 2025.

This derivatives-fueled activity, including a short squeeze, drove ENJ through multiple resistance levels and short-term moving averages, pushing daily RSI readings as high as 85 to 90 and leaving the asset significantly stretched on momentum indicators.

Dusk (DUSK)

Meanwhile, Dusk (DUSK) has seen increased investor interest, mainly tied to network upgrades. 

As of press time, DUSK was trading at $0.16 after a 4.85% gain in the last day, accompanied by a 24-hour RSI of 77.6.

The token has shown short-term momentum following the activation of its major Aegis protocol upgrade on March 3, 2026. 

This mandatory network update, described as the most significant to date, strengthened security and infrastructure while laying the groundwork for expanded compliance features.

This technical milestone contributed to sustained buying pressure that lifted the price through key trendlines. 

However, the resulting high RSI across shorter timeframes now signals potential buyer fatigue after the accelerated climb.

Zcash (ZEC)

Lastly, privacy-focused Zcash (ZEC) has been among the standout assets in the market despite the broader sector correction led by Bitcoin.

At the time of reporting, ZEC was trading at $364, down 1.02% over the past 24 hours, while its 24-hour RSI stood at 73.21.

The privacy coin posted explosive weekly gains of over 40%, driven by record inflows into shielded transaction pools, now holding more than $5.18 billion and representing over 31% of the circulating supply. 

This was accompanied by rising futures open interest and institutional developments such as the launch of an institutional-grade mining pool by Foundry Digital.

These factors tightened available liquid supply and triggered a breakout from longer-term consolidation patterns, with daily momentum indicators climbing into the 78–88 range before the minor pullback.

With these assets already in overbought territory, monitoring for RSI cooling and stabilization near key support levels could provide clearer entry opportunities once momentum normalizes.