These are the coins that currently have the lowest Relative Strength Index scores (RSI) in the world of alt coins above 50 million market cap (roughly the top 150). Levels below 35 are indicative of extreme sell-offs and often imply that a rebound or a reversal is imminent. Levels above 70 indicate that a coin is over-bought. Values are calculated on daily prices and a time window of 24 days is used. We also show the On-Balance-Volume (OBV), because decreasing volume levels after a sell-off generally precede the rebound. As long as volume is still increasing after a sell-off, risk and uncertainty is still present in the market. In short, the red bars should become smaller instead of larger to imply that a bottom has been reached.
Market Sentiment
The market sentiment shows the emotion in the current alt coin market. Values above zero show positive sentiment, with values above 80 indicating exuberance, happiness and big gains. In contrast, values below zero are indicative of negative sentiment, with values below -80 indicating zombie apocalypse levels of fear and anxiety. To calculate these we use some powerful algorithms that take into account the cohesion between coins (more cohesion equals stronger sentiment), the direction the alt market is going and the volatility present in the last few days.