Purchase signal for two robust cryptocurrencies issued this week

The latest data on the Consumer Price Index (CPI) has sparked a recovery in the cryptocurrency market, with two digital assets showing notable momentum amidst this positive trend.

Finbold conducted an analysis of the Relative Strength Index (RSI) heatmap on CoinGlass as of June 12 to identify potential buying opportunities. While the average weekly RSI indicates a neutral landscape at 50, the average daily RSI is currently below 43.90, reflecting recent market conditions.

This sets the stage for a potential bullish continuation, making these assets attractive options for a strong upward move this week and signaling a clear buying opportunity.

Injective (INJ) is showing strong buy signals, supported by a 24-hour RSI of 66.31 and a significant price increase of 21.43%. With RSI values remaining consistently above 60 across shorter time frames, INJ presents an enticing option for both short-term traders and long-term investors seeking growth.

Oasis (ROSE) has also demonstrated impressive performance, with a 24-hour RSI of 68.61 and a price increase of 21.29%. The consistent RSI values across multiple time frames indicate sustained buying pressure, positioning ROSE as an appealing choice for investors looking for assets with solid growth potential.

Both INJ and ROSE are currently in buy zones, offering compelling opportunities for investors and traders to capitalize on their bullish trends. However, it’s important to note that the cryptocurrency market is volatile, and conditions can change rapidly. Investors should remain vigilant and stay informed about market developments.

Disclaimer: The content of this article should not be construed as investment advice. Investing in cryptocurrencies carries risks, and investors should be aware that their capital is at risk.