RSI values ​​for MANTRA (OM) are giving a buy signal and its price is around $1.07. Horizen (ZEN), on the other hand, is showing signs of recovery after excessive selling. The overall RSI average in the crypto market remains below the neutral level at 40,046.

CoinGlass' Relative Strength Index (RSI) heat map from July 12 provides important data for some altcoins amid choppy price movements. While the market's RSI average is at 40,046, the RSI values ​​of some cryptocurrencies give signals to buy.

MANTRA (OM) Comments

The first cryptocurrency to show buy signal potential was MANTRA (OM). RSI values ​​on different time frames show a strong outlook. The 15-minute RSI is calculated at 48.11, the 1-hour RSI is calculated at 50.06 and the 4-hour RSI is calculated at 60.68, indicating an increasing buying pressure. The 12-hour RSI value is set at 67.25 and the 24-hour RSI is set at 64.76. In the weekly review, the RSI value is very close to the overbought level at 80.98. Although there has been a 2.62% decline in the last 24 hours, this strong RSI outlook can be considered a buying opportunity by investors. OM continues to find buyers at $1.07 after the price drop; The market volume was 888 million dollars, and the 24-hour trading volume decreased by 51% to 81.6 million dollars.

Horizen (ZEN) Status

RSI values ​​for Horizen (ZEN) indicate that there is strong buying pressure in the market. When we look at the short-term RSI values, the 15-minute RSI is at 34.98 and the 1-hour RSI is at 32.02, which reveals that it is in the sell zone. However, it is thought that ZEN may recover from overselling and experience a potential rise in the coming days. The 4-hour RSI is starting to approach the overbought zone at 46.65 and the 12-hour RSI is at 60.7. The 24-hour RSI is 61.4 and the 7-day period is 52.5, indicating that it continues to remain above neutral. Although ZEN has experienced a 12% decline in the last 24 hours, RSI values ​​maintain the expectation of recovery. After the price drop, ZEN fell below $10 and found buyers at $9.52. While ZEN's market volume decreased to 143 million dollars, its transaction volume decreased by 3% to 23 million dollars.

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