At the moment, I am expecting the TOTAL3 index (the total market capitalization of altcoins excluding BTC and ETH) to enter the discount zone, which usually corresponds to areas of strong oversold conditions. The RSI (Relative Strength Index) is already close to the 30 level, signaling a potential reversal or at least a slowdown in the decline.
Typically, such a zone becomes attractive for purchases as it represents points where the risk is reduced, and the growth potential is high. However, it’s important to consider overall market dynamics, external macroeconomic factors, and the behavior of major players.
I am continuing to monitor the RSI level and price reactions at key support zones.
Typically, such a zone becomes attractive for purchases as it represents points where the risk is reduced, and the growth potential is high. However, it’s important to consider overall market dynamics, external macroeconomic factors, and the behavior of major players.
I am continuing to monitor the RSI level and price reactions at key support zones.
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