[Coin Trend Analysis] BitTorrent (BTT) Asset Buying Ranks 1st… Mibus (MEV) RSI 10.54%

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Bithumb/Market Trend

In this survey, BitTorrent ranked first with 16%, while Bitcoin Cash and Hedera recorded 9% each, Stellar Lumens 8%, and TRON 7%, placing them in the top ranks.

According to the Relative Strength Index (RSI) of cryptocurrency exchange Bithumb, as of 10:09 AM on July 24th, MEV entered an oversold state with an RSI of 10.54%.

Bithumb/Market Trend

Hyperrain (HYPER) showed an RSI of 25.11%, AMO Coin (AMO) 25.67%, and Fancy (FANC) 28.81%, all of which are moving in the oversold zone of RSI below 30 in technical analysis.

RSI (Relative Strength Index) is an indicator that quantifies the relative strength of price increases and decreases over the past 14 days. Generally, when RSI is below 30%, it is considered oversold and can be interpreted as a buying opportunity. Bithumb's RSI is calculated based on the Simple Moving Average (SMA).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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