🧠 $SOL and $XRP have a daily RSI below 24 today. Does that mean they’ve “hit bottom”?
📘 The concept: RSI (Relative Strength Index) ranges from 0 to 100 and measures the strength of recent gains compared with losses. Below 30 is considered “oversold”; above 70, “overbought.”
📊 Example using today’s data (daily candles, Binance):
• SOL: RSI 23.8 after falling −12.8% in 6 days ($83.96)
• XRP: RSI 23.7 after falling −19.1% in 6 days ($1.058)
• ETH: RSI 29.5, also in oversold territory
❌ Common mistake: buying just because the RSI is low. In strong downtrends, the RSI can remain in oversold territory for days or weeks while the price keeps falling. Yesterday, SOL had already broken its 20-day low.
✅ It’s better to use it alongside other signals: support levels, volume, and whether the price recovers its moving averages.
📝 In one line: Low RSI = a very sharp decline, not a guarantee of a bounce.
Do you use RSI in your analyses? 👇
#RSI #AnalisisTecnico #AprendeCripto #SOL #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your research and trade with caution.
📘 The concept: RSI (Relative Strength Index) ranges from 0 to 100 and measures the strength of recent gains compared with losses. Below 30 is considered “oversold”; above 70, “overbought.”
📊 Example using today’s data (daily candles, Binance):
• SOL: RSI 23.8 after falling −12.8% in 6 days ($83.96)
• XRP: RSI 23.7 after falling −19.1% in 6 days ($1.058)
• ETH: RSI 29.5, also in oversold territory
❌ Common mistake: buying just because the RSI is low. In strong downtrends, the RSI can remain in oversold territory for days or weeks while the price keeps falling. Yesterday, SOL had already broken its 20-day low.
✅ It’s better to use it alongside other signals: support levels, volume, and whether the price recovers its moving averages.
📝 In one line: Low RSI = a very sharp decline, not a guarantee of a bounce.
Do you use RSI in your analyses? 👇
#RSI #AnalisisTecnico #AprendeCripto #SOL #Tra100d
⚠️ For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your research and trade with caution.
