Crypto Market RSI Hits Oversold Levels 📉
After yesterday's crash, the Crypto Market RSI entered oversold territory. After the daily candle close, the RSI reached a level of 27, the third lowest value for the last two years.
Moreover, the decline from an almost overbought level to this low has been exceptional.
Purely based on this indicator, it is likely that we will see a stronger relief rally and that today's bounce is just the start.
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Explanation: The Crypto Market RSI is the average RSI of over 200 crypto tokens. The values are based on the 1D chart.
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