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Scanning the 1-hour charts right now and catching some interesting patterns. Several altcoins are flashing overbought and oversold signals on the RSI indicator—which often signals potential reversal zones for traders.
The list includes some familiar names: 1000WHY, LYN, POWER, MAGMA, USELESS, LIT, FORM, CHZ, AKE, 1000RATS, AIO, VVV, DUSK, JST, ZEREBRO, WET, ZEN, MON, XPL, and AGLD.
What's worth noting? When RSI hits extreme levels on shorter timeframes like 1-hour, you typically see mean-reversion moves or momentum continuations depending on the broader trend context. Traders often use these signals to set entry/exit points. Of course, combining RSI with support/resistance levels and volume confirmation always makes the analysis sharper. Worth keeping an eye on these pairs if you're actively trading the current volatility.