Relatively, the crypto market isn't in an overbought zone.
The stock market entered an overbought zone. But, the crypto market entered an oversold zone. Of course, monthly RSI is near 30. It depends on legths of periods.
Most altcoins except ETH(Ethereum), XRP(Ripple) and SOL(Solana) have been bearish, consecutively, for the last 1 year and 6 months. If they recover as Dec, 2024 level, sentiment of the altcoin market will be better.
By the way, the U.S. stock market collapsed last Friday. I hope smart money move into the altcoin market 🙏
It has been a challenging time for the crypto market. It has remained bearish close to three years now if not more than that.
I'm still yet to know why the market has remained bearish for this long. It requires a real strong fundamental stimulation to recover losses.
hello sir,
yes