@chapeau07
The RSI is a momentum oscillator that helps traders identify potential reversal points by measuring the speed and change of price movements. An RSI value above 70 suggests that the cryptocurrency is overbought and might be due for a price pullback, while an RSI below 30 signals that it is oversold, often indicating a potential rebound. In the volatile crypto market, the RSI helps traders pinpoint extreme conditions and take advantage of potential corrections or rallies, especially when used alongside other technical indicators for confirmation.
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