Top 5 Overbought + Oversold Tokens — 1st October 2024

Today, I analyzed the Relative Strength Index (RSI) of more than 500 tokens. 

The RSI is a momentum indicator that measures the speed and change of price movements. It is calculated as a value between 1 and 100, helping traders identify overbought or oversold conditions.

A high RSI (>70) suggests the asset may be overbought and due for a pullback, while a low RSI (<30) indicates it could be oversold and ready for a potential bounce.​ 

Here's the list of the top overbought and oversold tokens.

Overbought Tokens:

‣ Dia (DIA): 83

‣ BitTorrent (BTT): 74

‣ BarnBridge (BOND): 74

‣ Uma (UMA): 71

‣ unify Protocol (UNFI): 71

Oversold Tokens:

‣ NEM (XEM): 19

‣ Beam (BEAM): 26

‣ Gains Network (GNS): 26

‣ Reef (REEF): 27

‣ Kava Lend (HARD): 27