Crypto Market RSI At New Low — Crash or Bounce?
The average crypto market RSI, which measures more than 200 tokens, has reached a new low. Moreover, it broke through a major support line for the first time in two years.
Personally, I didn't expect this and was convinced to see a bounce from the support line. However, based on the data, a turnaround will likely occur during the next few days.
Although we broke the support line, I don't expect the market to go much lower.
What are your thoughts?
