ALTCOINS ARE EXTREMELY OVERSOLD đš
Total Altcoin Market Cap (Weekly Chart):
Current value around 0.53T, marking the deepest correction since the last major cycle.
Price has dropped multiple consecutive weeks, now testing long-term support.
RSI is at ~23.9, the lowest level in years, showing altcoins are in their most oversold condition ever.
Historically, such oversold zones have been followed by generational recovery rallies.
âĄïž Momentum:
Structure remains bearish short-term due to heavy selloff.
However, extreme RSI oversold signals potential bottoming formation if demand steps in.
đŻ Key Levels to Watch:
Support: 0.50T â 0.45T
Resistance: 0.65T â 0.80T