📢The market is stuck in the neutral zone📊
Current RSI (Relative Strength Index) levels in the cryptocurrency market show a mixed picture, with most assets in the neutral zone. This indicates that the market is not in a severe overbought or oversold state at the moment.
RSI is a technical indicator that is used to evaluate the strength and speed of an asset's price movements. RSI helps traders and investors identify possible turning points in the market and make decisions to buy or sell an asset.
We are currently far from extreme overbought or oversold zones, indicating a period of consolidation as traders await clearer signals. Given this neutral position, a breakout from this consolidation phase is possible, which could lead to the formation of a new trend that will take several weeks to develop.
Team 🔍Crypto Scouts
