Happycoin.club - Even in the current volatile market, savvy investors can identify undervalued cryptocurrencies with the potential for a short-term recovery during this week.

In particular, there are now two cryptocurrencies that are noticeably oversold in the short term, as evidenced by their RSI values ​​(data from CoinGlass).

Avalanche (AVAX). Why It's a Good Buy Avalanche (AVAX) could be considered the first token that could be an attractive buy. The crypto asset's 24-hour RSI is 29.33, which puts it in oversold territory. Historically, assets with such a low RSI tend to correct in price. However, oversold conditions do not guarantee a rebound, and the market may remain oversold for extended periods of time.

Crypto market RSI heat map, AVAX Source: CoinGlass

Additionally, AVAX price has dropped 4.7% in the last 24 hours, indicating an overreaction by the market. This decline represents an entry point for investors looking to capitalize on the subsequent potential price recovery.

The AVAX momentum indicator is currently showing a buy signal, reflecting positive momentum despite the oversold condition. The Williams Percent Range, another momentum indicator, is also in a buy mode, confirming oversold conditions.

Despite strong sell signals from the moving averages that reflect the recent downtrend, an oversold RSI and positive momentum indicators highlight the potential for a bullish reversal.

The market's average RSI of 34.76 confirms that AVAX is more oversold compared to the broader market, increasing the potential for a rebound.

Starknet (STRK). Why It's a Good Buy Starknet (STRK) also provided several buy signals based on RSI and additional technical indicators. Both the 24-hour and 12-hour RSI readings for STRK are well below 30, at 26 and 26.48 respectively, indicating severe oversold conditions. This makes STRK another strong candidate for a potential price recovery.

Crypto market RSI heat map, STRK. Source: CoinGlass

In contrast to AVAX, STRK showed a positive price change of 0.98% over the last 24 hours. This positive momentum, despite the RSI being oversold, suggests that the market is beginning to recognize its undervaluation, which could lead to further price increases.

Additional confirmation of the STRK buy signal is provided by the Williams Percentage Range indicators. Thus, Williams' percentage range of -88.235 shows that STRK is highly oversold, which increases the potential for price growth.

Despite sell signals from various moving averages, these oversold indicators suggest high potential for an upward correction. The average market RSI of 34.76 indicates that STRK is significantly oversold compared to the overall cryptocurrency market, increasing the likelihood of a rebound.

Thus, AVAX and STRK provide interesting examples based on current RSI values ​​and recent price movements. However, it is important to be aware of the high volatility of cryptocurrencies as market conditions can change quickly.