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This Is Getting Boring 😑 Crypto Market RSI Hits New Low ⬇️

Yesterday's candle close sent the average RSI of 200 tokens to a new 2-year all-time low of 25.2, clearly breaking the major resistance.

The positive aspect: A reversal and relief rally gets more likely with every low. However, the market hasn't shown many signs of life lately. Therefore, I see two options:

1️⃣ — A significant event (e.g., the ETH ETF launch date) revives the market and brings fresh buying power.
2️⃣ — Instead of a stronger relief rally, the market pumps only slightly before continuing to move sideways or in a slow downtrend.

To close with another positive aspect, there won't be a sharp decline in altcoins at this level. The heavily oversold RSI (some tokens are at an RSI level of 10!!!) makes this very unlikely.

#AltcoinStrategies #Market_Update