Although the majority of assets in the cryptocurrency sector have been underperforming in recent days or even weeks, some represent a particularly poor choice for crypto trading this week due to various internal and external factors causing their substandard outlook in the short term.
Indeed, Finbold has analyzed the crypto market to arrive at the list of four crypto assets to avoid trading this week, taking into account indicators such as the CoinGlass relative strength index (RSI) overbought heatmap, risk analysis, relevant ecosystem events, and other related developments.
#1 Terra Classic (LUNC)
With the news of Terraform Labs, the company behind the failed Terra (LUNA) cryptocurrency and the TerraUSD stablecoin, filing for Chapter 11 bankruptcy in the United States on January 21, it might be a good idea to avoid trading its token Terra Classic (LUNC), at least for now.
1/ TFL has proactively filed for Chp. 11 protection, an action that will allow for continued operations and suppo
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