Selling has pushed most of the Binance perp board into oversold territory on the daily view. Of 400 crypto perps, 214 have a 14 day RSI at or under 30. RSI is a momentum gauge that scores how one sided recent moves have been. Only 12 sit at 70 or above, and the average reading is 36.9.
Large caps are among the most stretched. $SOL reads 15.9 after a -8.1% day, and $XRP reads 18.1 after -5.0%.
$KAVA tops the list at 8.5 after a -52.7% day. Low readings like these describe how hard prices have been pushed, not where they go next.
Large caps are among the most stretched. $SOL reads 15.9 after a -8.1% day, and $XRP reads 18.1 after -5.0%.
$KAVA tops the list at 8.5 after a -52.7% day. Low readings like these describe how hard prices have been pushed, not where they go next.
