3 Altcoins Set to Explode When Bitcoin Turns Bullish!

Jakarta, Pintu News – Several altcoins are showing oversold signals after experiencing sharp declines, and three of them-Solayer (LAYER), Biswap , and Voxies (VOXEL)-are in the spotlight as potential candidates for a rebound.

LAYER is down 19% this week after previously plunging 45%, while BSW and VOXEL have fallen more than 15% and 25.5% respectively.

All three of these tokens have RSI values below 25, signaling very high selling pressure. Their Relative Strength (RS) indicators also show that their performance lags that of the overall market.

While there is no guarantee of a recovery, such technical conditions often precede short-term rallies when sentiment begins to improve.

Solayer (LAYER)

Last week, Solayer (LAYER) plummeted by 45% in just a matter of hours, wiping nearly $350 million off its market capitalization and eliminating the bullish momentum that had built up over the past few months.

This drastic drop was triggered by thin liquidity, chain liquidation, and panic selling by whales-just days before the scheduled May 11 large token release of 26.5 million LAYERS.

Over the past seven days, LAYER has fallen by 19%, and technical indicators point to extreme oversold conditions. Its Relative Strength Index (RSI) currently stands at 23.35, well below the 30 threshold that usually indicates an oversold area.

Meanwhile, the relative strength (RS) against the overall market stands at -0.47, meaning LAYER is performing well below the average of other crypto assets.

The combination of these factors often signals a potential short-term recovery, as excessive selling pressure could start to subside.

While there is no guarantee of a rebound, the current situation points to the possibility of a technical rally if market sentiment starts to improve and buyers come back in.

Biswap (BSW)

Biswap (BSW) has declined by more than 15% in the past 24 hours, amid strong selling pressure and overall weakness in the mid-cap altcoin market.

BSW’s Relative Strength Index (RSI) currently stands at 23.95-far below the 30 level that signals oversold conditions. This suggests that the altcoin may have the potential to rebound after an aggressive sell-off.

BSW’s Relative Strength (RS) stands at -0.14, which means that its performance is slightly behind the general market, but not significantly so.

The combination of a very low RSI and a mildly negative RS often signals a short-term capitulation point.

If the overall market sentiment improves or buyers start to step in at these already depressed price levels, BSW is likely to experience a recovery rally, especially as short-term traders look to capitalize on a potential mean reversion.

Voxies (VOXEL)

Voxies (VOXEL) is the primary utility token of Voxie Tactics, a free-to-play retro-style 3D tactical RPG game. The game combines classic turn-based mechanics with modern features.

Currently, VOXEL is down 11% in the last 24 hours and has fallen by 25.5% over the past week, with a market capitalization hovering around $16.7 million.

Its Relative Strength Index (RSI) dropped to 24.9, indicating that the token is in an oversold zone and may be nearing a rebound point technically.

In addition, the relative strength (RS) against the overall market stands at -0.2389, signaling that VOXEL is experiencing weaker performance than the market, but not to an extreme degree.

This combination of low RSI and moderate performance often creates favorable conditions for a short-term recovery, especially if selling pressure begins to ease or there is increased participation from players in its gaming ecosystem.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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