Crypto Market RSI Has Reached Lowest Level 📉
Based on yesterday's daily candle close, the average crypto market RSI has reached a new low. It sits at 27, the lowest level in the observed timeframe since 2023.
However, many crypto tokens have found a bottom and bounced yesterday and today.
Therefore, I don't expect a lower RSI. Contrary, and as already discussed, a relief rally seems likely from this point.
