Potential 🤔Buy signals for two oversold cryptocurrencies in May

The cryptocurrency market saw a sharp decline, with the total market capitalization falling from $2.49 trillion to $2.21 trillion. Bitcoin fell 4.6% to $60,844.77 and Ethereum fell 7.19% to $2,903.84.

The overall 1-week relative strength index (RSI) is 48.70, indicating that not all assets are equally affected. Some assets may be approaching oversold territory, suggesting potential buying opportunities.

On the bright side, both cryptocurrencies appear significantly oversold in the short term, providing buying opportunities:

MANTA (MANTA) is currently priced at $1.66, having fallen over the past month

38.10%.

The RSI is 28.02 and 38.27 over the past 24 hours, indicating severe oversold.

Frax Share (FXS) is currently priced at $4.26, down 35.39% over the same period. The weekly RSI is 29.21 and 38.06 over the past 24 hours, which is close to oversold territory.

The current market is challenging but also presents opportunities. MANTA and FXS are showing significant price drops and low RSI values, which are classified as potentially oversold.

For technically inclined investors, these cryptocurrencies offer significant buy signals.

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