๐ Market Median / October 16, 2026
๐ 30m slice: RegDev โ0.79%, above SMA200 33.23%, Median RSI 56.65.
Yesterday the market was heavily flushed: RSI 30.96, oversold 41.76%, RegDev โ8.06%. We warned against chasing shorts. The rebound came fast: RegDev is almost back to zero and RSI is above 56.
๐ Momentum recovered, but breadth is still weak. Only 33.23% of coins are above SMA200. Oversold has already cleared to 1.27%, so yesterdayโs discount is gone.
Trade plan: donโt chase fresh longs. A broad long setup needs breadth above 50%, RSI holding above 50, and RegDev continuing higher.
โ ๏ธ Common mistake: treating a strong bounce from extreme oversold as a confirmed full-market reversal.
#MarketMedian #MarketSentimentToday #analysis $SIREN $ICNT $INJ
๐ 30m slice: RegDev โ0.79%, above SMA200 33.23%, Median RSI 56.65.
Yesterday the market was heavily flushed: RSI 30.96, oversold 41.76%, RegDev โ8.06%. We warned against chasing shorts. The rebound came fast: RegDev is almost back to zero and RSI is above 56.
๐ Momentum recovered, but breadth is still weak. Only 33.23% of coins are above SMA200. Oversold has already cleared to 1.27%, so yesterdayโs discount is gone.
Trade plan: donโt chase fresh longs. A broad long setup needs breadth above 50%, RSI holding above 50, and RegDev continuing higher.
โ ๏ธ Common mistake: treating a strong bounce from extreme oversold as a confirmed full-market reversal.
#MarketMedian #MarketSentimentToday #analysis $SIREN $ICNT $INJ