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Daan Crypto Trades|Feb 04, 2025 16:49
The average Daily RSI is sitting below 30. This is generally pretty much bear market territory which is not that crazy to see in the current market, considering most alts sold off at least 50% from their local highs. If not much more.
Before the recent bounce, these RSI levels were even lower as you can see from the wicks below the tickers.
The market needs some catalyst or momentum to get it going. There's plenty of room to move but we'll still need money to bid.
With the amount of coins there are, I do think it will remain a liquidity rotation between different sectors and narratives. So choose wisely :)
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