Crypto Market RSI Keeps Recovering 💪
The crypto market RSI calculates the average Relative Strength Index (RSI) of more than 200 crypto assets.
At the end of last week, the indicator reached its lowest low in two years. Although we expected a bounce slightly earlier, the indicator seems to have recovered perfectly since the beginning of the week.
As a result, most altcoins gained some momentum during the last few days. However, based on previous events, this should be only the beginning, and we will see a stronger relief rally in July.
The recovery could go hand-in-hand with the ETH ETF approval and launch next week. A final green light should catapult altcoins and fuel at least a moderate altseason.
