Buy signal for two strong cryptocurrencies to buy this week
Cryptocurrencies are recovering after a notable crash with “September Effect” fears and favorable macroeconomic data like US jobs and CPI. As the cryptocurrency market heats up for a 2024 crypto bull run, two tokens stand out with strong momentum. On September 11, Finbold retrieved data from CoinGlass ‘s Relative Strength Index (RSI) heatmap, especially in the 12-hour time frame. Notably, the market’s average RSI shows a strengthening momentum nearing the 50-point neutrality indicator, currently at 48.79. With continuous downward revised jobs data – indicating a worrying economic situation in the United States – and a diminishing year-over-year (YoY) Consumer Price Index (CPI) inflation, the Federal Reserve will likely decide on the first interest rate cut in years, likely fueling the strong momentum. Picks for you B...