💡 CoinMarketCap | RSI 💡
Over $1.5B was liquidated yesterday.
So is the market oversold? Not really…
RSI tracks momentum on a 0 to 100 scale.
Below 30 is oversold, above 70 is overbought.
Right now the average crypto RSI sits at 43:
🔹 Below the 50 line, so momentum is still soft
🔹 Just 7% of coins are actually oversold
🔹 It’s up compared to yesterday
Big liquidations, yet the market is far from oversold!
Check the market's RSI here 👇
https://coinmarketcap.com/charts/rsi/

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