The 1D RSI chart provides a perfect picture of the current state of the crypto market.

Tons of tokens are oversold or pretty close to entering the oversold territory.

On the other hand, we have almost no tokens that are overbought at this time.

What does it mean? Usually, we don't see longer periods where the majority of tokens are oversold during a bull market. Therefore, a rebound is likely — except for the case that we enter a longer correction period.

By the way: #Bitcoin is perfectly neutral with a value of ~50.$ETH on the other side, is close to entering oversold areas.

#RSIHeatmap #CryptoNewsCommunity $BTC