Several altcoins, including Solayer (LAYER), Biswap (BSW), and Voxies (VOXEL), are showing oversold signals after significant drops. LAYER has plummeted by 19% this week, following a 45% crash, while BSW and VOXEL have also experienced declines of over 15% and 25.5%, respectively. These tokens have RSI readings below 25, indicating intense selling pressure and underperformance compared to the market. Although a rebound is not guaranteed, such technical conditions often precede short-term relief rallies if sentiment improves. The recent crash of LAYER was triggered by various factors, leading to severe oversold conditions with a potential for a short-term rebound. BSW and VOXEL are also facing oversold conditions, suggesting a possible relief rally if market sentiment stabilizes. Investors should conduct their own research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news