Crypto Assets market has fallen into the Oversold zone! The latest RSI shows that panic sentiment is rising.

According to the latest Crypto Market RSI Dashboard data released by CoinMarketCap, the overall average RSI of the crypto market is currently only 33.81, officially entering the “Oversold” zone, indicating that the market's panic and selling sentiment has gradually intensified. This indicator reflects the strength of market price momentum, with an RSI below 30 considered “Oversold” and above 70 representing “Overbought.”

Although the average RSI has not yet fallen below the extreme value of 30, it has clearly dropped compared to the past few weeks. According to historical data, the RSI was 50.45 seven days ago, 55.65 thirty days ago, and 48.00 ninety days ago. This indicates that the market has slid from a relatively neutral state into a clearly weak zone in just one month.

Over 44% of crypto assets are in the Oversold zone, with only 1.8% being Overbought.

Among all tracked crypto assets, currently 44.2% are in the Oversold range, while only 1.8% are in the Overbought zone. This disparity in proportions indicates that selling pressure is clearly dominating the market.

This not only means that the prices of many currencies are significantly below the recent average, but it has also led some investors to start looking for potential bottom-fishing opportunities. However, a low RSI may indicate that prices are undervalued, but it does not mean that a rebound will happen immediately in the short term; risks still exist.

Mainstream cryptocurrencies such as Bitcoin, Ethereum, and XRP are also being dumped.

From the RSI heatmap, we can see that mainstream currencies like Bitcoin (BTC), Ethereum (ETH), XRP, BNB, and Solana (SOL) are currently all in the green area below RSI 40, indicating that they have entered an Oversold state.

Currently, the RSI of Bitcoin is approximately around 35, which is close to the overall market average, indicating that even large assets cannot escape the overall weakening trend.

DASH, ICP and a few other cryptocurrencies are in the “Overbought” red zone.

Although the market is generally weakening, there are still a few cryptocurrencies that are rising against the trend, entering the “Overbought” zone. According to the chart, the RSI index of cryptocurrencies such as DASH, ICP, UCN, and ZEREBRO has exceeded 70, indicating that the recent price increase is too large and may face short-term correction pressure.

The rise of these cryptocurrencies may stem from positive news, community speculation, or short-term concentration of market funds. Investors should pay attention to the risk of a pullback after overheating.

Market sentiment is weak, and caution is still needed in the short term.

Overall, the current RSI data in the crypto market is sending a clear signal — the market is at a low point of sluggishness and dumping sentiment. The rapid decline in momentum from an average RSI above 55 thirty days ago to now dropping below 34 is something investors should pay attention to.

However, some analysts believe that when the RSI remains in the Oversold zone, it may actually provide medium to long-term investors with an opportunity to “buy on dips.” The premise is that capital management and risk control must be done well, and continuously tracking market momentum and news changes is essential.

This article states that the cryptocurrency market has fallen into the Oversold zone! The latest RSI shows that panic sentiment is rising, first appearing in Chain News ABMedia.