More coins are stretched to the downside than the upside. On the 4 hour RSI, a gauge of how hard recent moves have leaned one way, 55 coins read oversold and only 15 read overbought, out of 628 we track.
The average RSI across that whole group comes in at 42.21, below the midpoint of the scale. Recent candles across the market have leaned more toward selling than buying.
RSI measures how one sided recent price moves have been, not where price goes next. Oversold coins can stay oversold.
The average RSI across that whole group comes in at 42.21, below the midpoint of the scale. Recent candles across the market have leaned more toward selling than buying.
RSI measures how one sided recent price moves have been, not where price goes next. Oversold coins can stay oversold.
