Bitcoin (BTC) and the leading altcoin Ethereum (ETH) dominate the market with rates of 51.3% and 17.3%. Despite this activity, the Relative Strength Index (RSI)
Cryptocurrency markets continue to experience volatility, with total market capitalization valued at around $2.47 trillion, reflecting a 0.8% change over the past 24 hours. Notably, transaction volume reached 48.8 billion dollars during this period.
Bitcoin and ETH lead the market, with these two cryptocurrencies alone accounting for a combined market share of nearly 70%. However, despite this activity, the Relative Strength Index (RSI) value of the general market is measured at 34.76, indicating that many crypto assets may be in the oversold zone.
This condition typically presents an opportunity for smart investors to identify undervalued cryptocurrencies in the short term (within this week) that could benefit from a potential rise.
Based on an analysis of RSI values from CoinGlass, two cryptocurrencies are displaying low RSI values, indicating an oversold position in the short term.
Avax (avax) crypto price today, Avax market cap, Avax to usd converter - CoinGlass
CoinGlass cryptocurrency market data provides traders with a comprehensive view of the digital asset landscape. From price movements to market capitalization and RSI values, CoinGlass offers up-to-date information to help traders make informed decisions.
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