$IOST Daily RSI is 76.4, entering overbought territory.
Everyone, how do you read RSI? Here's the gist in a nutshell.
RSI 50 is often seen as the dividing line between bullish and bearish momentum: staying above 50 suggests upward momentum is in control, and vice versa below it.
Different coins can have quite different typical RSI ranges. Highly volatile small-cap coins are also more likely to hit extreme readings, so be careful about applying a one-size-fits-all standard.
The point of understanding this indicator is to be less spooked by the numbers, not to use it to predict price movements accurately.
It's your money, so think carefully before you act.
Everyone, how do you read RSI? Here's the gist in a nutshell.
RSI 50 is often seen as the dividing line between bullish and bearish momentum: staying above 50 suggests upward momentum is in control, and vice versa below it.
Different coins can have quite different typical RSI ranges. Highly volatile small-cap coins are also more likely to hit extreme readings, so be careful about applying a one-size-fits-all standard.
The point of understanding this indicator is to be less spooked by the numbers, not to use it to predict price movements accurately.
It's your money, so think carefully before you act.